HEICO Buy IdeaPrice action looks promising. I may risk abuy when todays candle is broken to the upside.
otherwise there is a nice zone as indicated in the chart where we can look for a continuation of the uptrend..
HC1 trade ideas
channel up, short n long strategy mid termdetails on chart, short for the moment, bounce on the channel support, then long and take profit on the upper band.
HEICO Corporation Reports Second Quarter of Fiscal 2024HEICO Corporation ( NYSE:HEI ) reported a record increase in net income of 17% to $123.1 million in the second quarter of fiscal 2024, up from $105.1 million in the same period in 2023. The company also saw a 20% increase in net income to $237.8 million in the first six months of fiscal 2024, up from $198.1 million in the same period in 2023. Net sales increased 39% to a record $955.4 million in the second quarter of fiscal 2024, up from $687.8 million in the same period in 2023. Operating income increased 33% to a record $209.2 million in the second quarter of fiscal 2024, up from $157.1 million in the same period in 2023. The consolidated operating margin was 21.9% in the second quarter of fiscal 2024, as compared to 22.8% in the first six months of fiscal 2023.
Net sales increased 41% to a record $1,851.8 million in the first six months of fiscal 2024, up from $1,308.8 million in the same period in 2023. Operating income increased 36% to a record $389.4 million in the first six months of fiscal 2024, up from $286.5 million in the first six months of fiscal 2023. The Company's consolidated operating margin was 21.0% in the first six months of fiscal 2024, as compared to 21.9% in the first six months of fiscal 2023.
HEICO's Chairman and CEO, Laurens A. Mendelson, commented on the Company's second quarter results, stating that the company is pleased to report strong record quarterly consolidated net sales driven by record quarterly operating results at the Flight Support Group and improved results at the Electronic Technologies Group, as well as strong contributions from its fiscal 2023 acquisitions. These results reflect 12% organic growth in the Flight Support Group's net sales principally arising from increased demand for its commercial aerospace products and services and 4% organic growth in the Electronic Technologies Group reflecting increased net sales of its defense and aerospace products.
The total debt to net income attributable to HEICO ratio was 5.39x as of April 30, 2024, down from 6.14x as of October 31, 2023. The net debt to EBITDA ratio was 2.45x as of April 30, 2024, down from 3.04x as of October 31, 2023. Cash flow provided by operating activities increased 82% to $141.1 million in the second quarter of fiscal 2024, up from $77.8 million in the second quarter of fiscal 2023.
As HEICO ( NYSE:HEI ) looks ahead to the remainder of fiscal 2024, they continue to anticipate net sales growth in both the Flight Support Group and the Electronic Technologies Group, principally driven by contributions from their fiscal 2023 acquisitions and demand for the majority of their products. Additionally, they plan to continue their commitment to developing new products and services and further market penetration while maintaining their financial strength and flexibility.
In conclusion, HEICO Corporation ( NYSE:HEI ) reported a record increase in net income, net sales, and operating income for the second quarter of fiscal 2024. The company's commercial aerospace sales growth has resulted in fifteen consecutive quarters of sequential growth in net sales at the Flight Support Group.
HEI, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
$HEI with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HEI after a Positive Under reaction following its earnings release placing the stock in drift A.
VCP formingI like how this is developing however the previous high is making it a bit risky .... adding to the watchlist.
Added to $HEII added a little bit to $HEI on Wed.
Its go time with this tight pivot.
Will probably be gone if it brakes that pivot.
$HEI with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HEI after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
HeicoHeico has no plans on shutting down their doors. Providing maintenance services for airlines around the world they certainly have a long term plan ahead for the future. Currently near the bottom of the trend area upcoming earning reports. Potential for price to move up towards the higher portion of the range should the report come back strong.
$HEI 2 Month #HeadandShoulders Continuation #ChartPattern$HEI is forming one of my favorite setups in where a chart pattern breakout will also complete a weekly trend line.
1) A head and shoulders continuation chart pattern breakout (blue line on the chart)
2) Already broke a Weekly long term down trend line (red dotted line on the chart)
3) Recently cleared 200 MA
Chart pattern target around $130 price level.
$HEI Heico Corp $113 target Heico Jumps post earnings with earnings and guidance that meet estimates.
HEICO Corp. engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts. The Electronic Technologies Group segment designs and manufactures electronic, microwave, and electro-optical equipment and components, three-dimensional microelectronic and stacked memory products, high-speed interface products, high voltage interconnection devices, high voltage advanced power electronics products, power conversion products, underwater locator beacons, electromagnetic interference shielding, traveling wave tube amplifiers, harsh environment electronic connectors and other interconnect products, communications and electronic intercept receivers and tuners, crashworthy, and ballistically self-sealing auxiliary fuel systems for military rotorcraft, RF and microwave amplifiers, transmitters and receivers, satellite microwave modules, and integrated subsystems primarily for the aviation, defense, space, medical, telecommunications, and electronics industries. The company was founded in 1957 and is headquartered in Hollywood, FL.
HEICO Corp.Trade setupHEICO Corp. engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts. The Electronic Technologies Group segment designs and manufactures electronic, microwave, and electro-optical equipment and components, three-dimensional microelectronic and stacked memory products, high-speed interface products, high voltage interconnection devices, high voltage advanced power electronics products, power conversion products, underwater locator beacons, electromagnetic interference shielding, traveling wave tube amplifiers, harsh environment electronic connectors and other interconnect products, communications and electronic intercept receivers and tuners, crashworthy, and ballistically self-sealing auxiliary fuel systems for military rotorcraft, RF and microwave amplifiers, transmitters and receivers, satellite microwave modules, and integrated subsystems primarily for the aviation, defense, space, medical, telecommunications, and electronics industries. The company was founded in 1957 and is headquartered in Hollywood, FL.
HEICO Corporation (HEI) long.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Heico CorpWith more airlines looking to either complete repairs, overhauls, or alterations to aircraft the projections for future MRO operations are looking to see an increase in demand for changes in seating arrangements.
Heico Corp On Watchlist $heiUpside potential targets $115 - $127
Earnings beat details
Quarterly net sales of $506.3 million beat Consensus Estimate of $505 million by 0.3%. The top line also increased 8.6% from the year-ago quarter’s figure of $466.1 million.
reported first-quarter fiscal 2020 earnings of 89 cents per share, beating Consensus Estimate of 77 cents by 15%.
Oversold bounce potential, RSI and Stochastic in bullish reversal.
HEISystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
* Click Like and Follow to Support My Work!
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
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LONG HEIExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
HEIBeen trading Heico for a few week here before earnings. Being that their biggest customer is Boeing and they are announcing potential halting of production. My personal opinion on Heico is looking Bearish
$HEI Earnings trade setup in Heico CorpEntry level $126.28 on break of downtrend.
Target price $130.72 just below daily resistance
Stop loss $125.19 below daily support
HEICO Corp. engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts. The Electronic Technologies Group segment designs and manufactures electronic, microwave, and electro-optical equipment and components, three-dimensional microelectronic and stacked memory products, high-speed interface products, high voltage interconnection devices, high voltage advanced power electronics products, power conversion products, underwater locator beacons, electromagnetic interference shielding, traveling wave tube amplifiers, harsh environment electronic connectors and other interconnect products, communications and electronic intercept receivers and tuners, crashworthy, and ballistically self-sealing auxiliary fuel systems for military rotorcraft, RF and microwave amplifiers, transmitters and receivers, satellite microwave modules, and integrated subsystems primarily for the aviation, defense, space, medical, telecommunications, and electronics industries. The company was founded in 1957 and is headquartered in Hollywood, FL.
