$GD with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:GD after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
GDX trade ideas
Why Are Defense Giants Chasing Rocket Engines?In the ever-evolving landscape of global security, the production of advanced military systems has become a strategic imperative. However, a critical component—rocket engines—is facing a supply crisis that threatens to undermine the capabilities of even the most powerful defense industries.
Defense giants like Lockheed Martin and General Dynamics, renowned for their technological prowess, have recognized the urgency of this situation. To safeguard national security and maintain a competitive edge, they have embarked on a bold initiative to address the rocket engine shortage.
The shortage of rocket engines has far-reaching implications for the defense industry. It limits the production of essential military systems, such as air defense missiles and long-range strike capabilities. Moreover, it exposes countries to potential vulnerabilities in the face of emerging threats.
To mitigate these risks, Lockheed Martin and General Dynamics have formed a strategic partnership. By combining their expertise and resources, they aim to develop innovative solutions to the rocket engine shortage. Their efforts could revolutionize the production of these critical components, ensuring the continued effectiveness of military forces worldwide.
Big low coming in GD?I've been letting my pendulum pick stocks lately a lot more to see what happens. I asked for 5 this week, and on the last one asked for something that would be shockingly impressive. The answer was GD.
My reading was super easy & clear, so I'm hoping that's a sign it's correct, but this is still very experimental. Anyway, energy is definitely suggesting down in the very near future. I get a date of 9 days from today, so the 27th. I'm not sure, but guess this could be the time to buy it, but I haven't bee real great at determining what is actually going to occur on a specific date. It's usually a reversal.
Anyway, target is much higher and I ask when it gets over $500 (which I can't say I have much faith in) and get July 12, 2025.
That's all. Expect a drop to get long. You could wait for the breakout I suppose as well, but it seems really straightforward and like a great entry.
GD update.General dynamics saw a strong gain today following the yesterdays analysis. We're currently consolidating around the 292 level. 🚀
#LMT beats Q1 expertations on strong demand. Sees supply chain improvements.
Missile and fire control:
^23.3% to nearly 3 billion. Boosted by strong demand for HIMARS and GMLRS
Aeronautics:
The companys biggest unit rose
^9,2% to 6.85 billion.
(This is the unit responsible for the f35s amongst other things)
BLT war cabinet. GD / NOC / RTX / LMTI'm holding on to my GD (General dynamics) stocks.
General Dynamics, Northrop Grumman Set for Gains After Israel Strike on Iran
By
U.S. defense stocks were largely set for a positive open on Friday following news that Israel aimed attacks at sites in central Iran where there is a drone factory, according to a report from The Wall Street Journal.
General Dynamics was up 1.8% in premarket trading, while Northrop Grumman gained 1.3%. Lockheed Martin gained 0.8%, RTX Corp—formed out of the merger of Raytheon and United Technologies—was up 0.7%. Aerospace-and-defense company Boeing bucked the trend, falling 0.5%.
General Dynamics Corporation GD is set to release first-quarter 2024 results on Apr 24, before market open.
The company delivered an earnings surprise of 3.19% in the last four quarters, on average. The strong revenue performance across all of its business segments is likely to have added impetus to its overall first-quarter top line amid supply chain woes.
Analysts on Wall Street project that General Dynamics (GD) will announce quarterly earnings of $2.95 per share in its forthcoming report, representing an increase of 11.7% year over year. Revenues are projected to reach $10.36 billion, increasing 4.8% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 6.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
And here are a few of my other holdings.
Tickers:
#LMT ^^^
#NOC ^^
#RTX ^^
#BA ^
If we close the week below $265 we may head towards $190/$200If we close the week below $265 we may head towards $190/$200Join us for a post-Monday market close update on General Dynamics (GD) as the bearish outlook persists. Stay tuned for insights into potential market corrections and the implications for GD going forward!
Analyzing General Dynamics (GD): Potential Price Movements & KeyIn this analysis, we delve into the technical aspects of General Dynamics (GD), focusing on potential price movements and key levels to watch. With a ceiling possibly at $280 and a maximum target of $300, we explore the intricacies of the daily timeframe, highlighting potential correction zones and crucial support levels. Stay tuned for valuable insights into GD's trading dynamics and potential opportunities.
Possible Fakeout to Expanded flat CorrectionPossible Fakeout to Expanded flat Correction on General Dynamics - Ticker GD
They have done well but seem to be at the peak of a higher order wave 5.
If we don't hold above $260-$270 by March 1st I expect GD to become bearish until $180-$200
GD PutShort GD through a put. After a strong spike to the upside, over reactionary, I believe price should fill the lower gap.
Buy NYSE:GD Nov-17-23 240 Puts @ 1.45 Limit to Open
GD: crossing above its 200-day?A price action 222.00 supports a bullish trend direction.
The bullish trend might increase in strength above 225.00.
The first target price is set at 229.00
The second target price is set at 239.00.
The stop-loss price is set at 218.00.
Testing its 200-day simple moving average. Crossing above its 200-day might set the long-term trend as bullish.
Remains a risky trade.
LONG: General Dynamics CorpThere is strong demand for artillery shells. The US army is planning to expand production of these shells six fold. Especially the output of the 155mm rounds which have been "critical for Ukriane in the ongoing counteroffensive" (Washington Post, 2023). Army secretary Christine Wormuth said the US is moving "as fast as humanly possible" to speed up production. Cluster munitions are being sent to Ukraine to fill the supply gap in the meantime to bridge the gap until production can expand to meet demand. Before Russia invaded mainland Ukraine in Feb 2022, US production of these units was 14,000 per month, today it has already reached 24,000 per month. The Pentagon aims to produce 1 million shells a year by fall 2025.
General Dynamics Corp is a major producer of artillery from 105mm to 155mm and should increase in scale accordingly. If you watch Ukraine front lines footage, you will see these types of howitzer and tank munitions feature heavily.
In April Ukrainian parliamentary member Oleksandra Ustinova said the country is using 6,000 to 8,000 155mm shells per day (AP, 2023).
I plan to consider taking profit around $325 USD/share but I expect to hold a position until the next US election at least. In the unlikely event that the American will to support the territorial integrity of Ukriane changes or that there is a ceasefire in the fighting I would reassess at that time. Until then and for the foreseeable future, I remain bullish.
See article from AP on 155mm rounds
apnews.com
See article from Washington post
www.washingtonpost.com
Great sell opportunity to take GD profits off of the tableGreat sell opportunity to take GD profits off of the table.
Short term late 2022 to present fibonacci level of .618 = $228 is a strong resistance level. I see $200 coming as a psych support level and eventually $150-$160.
Fully bearish starting on this new monthly close!
$GD: Bullish again...Very nice looking setup in $GD here, likely correlated to oil stocks here as a big chunk of their revenue proceeds from their marine division (and oil tankers).
Overall a nice play considering macro here.
Best of luck!
Cheers,
Ivan Labrie.
Defence stock ideas: General DynamicsGeneral Dynamics has a strong track record of market-beating returns.
It has a very strong backlog and recently won a number of contracts with the U.S. military.
The recent dip in price presents an opportunity for long-term dividend growth investors.
General Dynamics offers a diversified portfolio of defense assets with significant growth potential, and should benefit from its very strong backlog in the coming years. It's track record of steady and growing income streams has contributed to market-beating returns over the past decade. Moreover, it pays a well-covered dividend and has a history of share buybacks. As such, growth investors may want to take advantage of the recent dip for the stock's long-term potential.
$GD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $GD after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 25%.
General Dynamics - Bullish On EarningsSupposedly the earnings whisper number is better than expected, I am convinced industrials stand to benefit with war, like it or not. We have just had a nice gap fill down on a pull back leaving a gap above. Will earnings and sentiment help take us to the upside? We have buyers coming in with significant strength.
GD - Long OpportunityTechnical analysis:
- Cup and handle pattern
- Stock holding up well against SPY and QQQ sell off
- Price above 200 MA
- Strong uptrend observed
Fundamentals:
- Anti-cyclical business model and the ability to generate high free cash flow
- The company is benefiting from high demand and improved supply chain, leading to increased revenue. Demand stems from increased defense spending in many countries due to rising global tension, increased private air travel due to pandemic, among other reasons.
- Stock is still undervalued
Investment ideaOne of my favourite stocks, and one of the Dividend Aristocrats.
A nice structure - a larger cup and handle, and the smaller one, small handle is in process.
Good luck!
$GD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $GD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 8.33%.
Confluence In Defense Sector ($GD)Confluence seen in defense sector stocks, quite a number breaking out / setting up at the same time.
One of them is $GD. Trading near all time highs after breaking out from big multi month base. Price now tightening up above the 10 day moving average.
Earnings watch 10/26Earnings watch 10/26:
GD
ORLY
HOG
HLT
WM
F
BMY
BA
SAVE
META
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
