🔴 L3Harris Technologies is trading 10.6% down today as sector-wide pressure offsets strong earnings and raised guidance

L3Harris Technologies is trading 10.6% down at $265.71 following its July 29, 2026, earnings release, as broader sector weakness and profit-taking outweigh positive financial results.

• The company reported robust growth with an 8% increase in revenue and a 28% jump in EPS, while also raising its full-year guidance.
• Shares are facing additional pressure from a broader risk-off sentiment affecting defense peers and the ITA sector (iShares U.S. Aerospace & Defense ETF).