World War 3: Stocks for a “War Portfolio”
$LTM, $GD, $BA
The Key US defense contractor stocks are up on President Trump’s strong stance against, ISIS’ waring in Syria and North Korea’s ballistic missile threats.
The group has been running since the election on President Trump’s campaign promises to boost military spending. Now, the outlook of expanded US involvement in the Syrian conflict, and his promise to put North Korea in its place is encouraging the sector Bulls.
Lockheed Martin Corporation (NYSE:LMT) shares are looking to break North out of a 3-month consolidation range, challenging prior highs.
The company has benefited from a number of recent contract wins with the Pentagon and is moving forward with a number of others including a possible $29-B heavy-lift helicopter order with the US Marine Corps.
Attention continues to be on the F-35 program as President Trump applies pressure to lower the per-unit costs for a jet that made up 23% of the company’s total net sales in Y 2016.
The company will next report results on 25 April before the open. Analysts are looking for earnings of 2.78/share on revenues of $11.2-B.
General Dynamics Corporation (NYSE:GD) shares have inching higher, lifting up and off of the 50-Day MA to challenge highs set in March.
The stock recently enjoyed a price target upgrade from RBC Capital Markets, who are now looking for 211 on a strong Y 2020 outlook supported by an order backlog and new products.
The company reported better-than-expected earnings of 2.62/share, 0.08 ahead of the estimates in January on a 5.4% increase in sales.
The company will next report results on 26 April before the open. Analysts are looking for earnings of 2.31/share on revenues of $7.7-B.
Boeing Co (NYSE:BA) shares are making a move at the 180 mark, looking to break out of a 2-month consolidation after a 5% selloff from the early March high found support above its 50-Day MA.
The company was recently initiated with a “Buy” rating from analysts at Berenberg with a 202 price target. Barclays raised their price target to 190, noting recent concerns about near-term valuation pressures seem to have faded.
The company will next report results on 26 April before the open. Analysts are looking for earnings of 2.00/share on revenues of $21.8-B.
|HeffX-LTN Analysis for LMT:||Overall||Short||Intermediate||Long|
|Neutral (0.01)||Neutral (-0.01)||Neutral (-0.10)||Neutral (0.15)|
|HeffX-LTN Analysis for GD:||Overall||Short||Intermediate||Long|
|Bullish (0.34)||Neutral (0.02)||Bullish (0.46)||Very Bullish (0.54)|
|HeffX-LTN Analysis on BA:||Overall||Short||Intermediate||Long|
|Bullish (0.35)||Neutral (0.21)||Bullish (0.42)||Bullish (0.42)|
Have a terrific week