#NOC

18. Juni

If noc holds 433 we will most likely see a break of the current downtrend and a continuation upwards.

(Came across the dip yesterday and bought some contracts personally). Took profit at 430.

If price breaks 433 we might see 1st target of 445 zone followed by 2nd target around 460.

(Did this one in a hurry, will do some more tech to confirm, stay tuned).

20. Juni

Anmerkung

Currently testing that 433LvL.

21. Juni

Anmerkung

Price hit the green lower target as expected after breaking the 433.
Indicators looking positive. Targets here will be based on the time perspective you have as a trader. The original post was for a shorter position. But studying the other time frames we can start looking for bigger price movements hence higher targets beyond the initial targets on the 1 hr chart. But for now, I want to see a breakthrough of the 445-50 LVL for starters.

15M:

1d:

1W:

Northrop Grumman (NYSE: NOC) is a leading global aerospace and defence technology company. Noc announced today that its second quarter 2024 financial results will be posted on its investor relations website on July 25, 2024

[[Also check out the news on the b-21 raider. The worlds fist 6th gen aircraft]].

21. Juni

Anmerkung

Also check out the news on the b-21 raider. The worlds first 6th generation aircraft.
Currently on track.

26. Juli

Trade ist aktiv

Price broke 433 and both targets at 445 and 460 where hit.



If price manages to stay above the 471- 472 range price may hit target 3 first before a possible continuation along the visible r. v. profile



Will update this idea. Stay tuned.

2. Aug.

Trade ist aktiv

We had a positive touch of target 3 and a continuation along the the upper volume profile.



Defense titans returned to growth mode in the second quarter, and Northrop Grumman (NYSE: NOC) was among the companies leading the charge.

Shares of Northrop gained 11.1% in July.

Northrop Grumman is one of the world's premier defence companies, with a portfolio of aviation, space, and missiles that are sold to the U.S. government and allies around the world. But defence is a long-cycled business, and new programs can take years to generate revenue, creating a recent lull in Northrop shares.

The company's Q2 results provided indications that Northrop Grumman is back in growth mode, and investors reacted by rallying into the shares. Northrop earned $6.36 per share in the quarter on revenue of $10.2 billion, outpacing Wall Street's $5.93 per share on $10 billion in sales estimate.

Northrop grew sales by 7% in the quarter and operating income by 13%, reporting $1.1 billion in free cash flow during the three-month period. The company also raised its full-year earnings and revenue guidance, an indication management expects the momentum to continue for the remainder of 2024.

Northrop also clarified that government-held options to buy the new B-21 bomber that were negotiated in 2018 contained cost escalators and are therefore expected to be profitable. Northrop shares have been under pressure on fears that spiralling post-pandemic supply-chain costs would change the economic calculus of Northrop's most important military platform, making the bomber an albatross on the company's balance sheet for years to come.

Although defense stocks tend to come into the spotlight during times of geopolitical uncertainty, investors would be wise to ignore the headlines and focus on fundamentals. Large-system integrators like Northrop are developing decade-plus platforms regardless of what is going on in the world and tend to be somewhat insulated from outside forces.

Northrop has been in a period of investment as the B-21 and the separate Sentinel program are under development. It appears that period is nearing completion, and if so, growth should be back on the menu.

Northrop does have some uncertainty in the quarters to come, with the initial B-21 deliveries expected to be break-even at best. Arguably the company's archrival Lockheed Martin, which also exceeded quarterly expectations and was up 16% for the month, should be able to outperform up ahead thanks to more certainty surrounding its F-35 program and Lockheed's greater success winning foreign sales order.

Stay tuned for updates and new targets.

4. Okt.

Trade ist aktiv

04/10/2024 still holding.