Why Heavy Industry Stocks Tanked Thursday
Heico (NYSE: HEI). Wabtec (NYSE: WAB). TransDigm (NYSE: TDG).
As makers of aircraft components, train locomotive components, and ... more aircraft components, you might expect all three of these stocks to suffer somewhat on the day after President Trump introduced an air travel ban into a market where folks weren't all that interested in traveling to begin with. And you'd have been right to think that.
Shares of all three of these companies tumbled more than 10% in early trading Thursday. Heico ended the day down 10%, TransDigm 11.9%, and Wabco a (relatively) modest 5.1%.
Source Fool.com
