do see a clear path ahead, not a reversal in sightTwo boxes in green could follow the same direction as the previous box prior to earnings did. From a technical standpoint, the indicators are nowhere as near as close to a shift in the stock until I see this I don't have a clear sign of a reversal.Longby themoneyman800
I've got an intriguing chart for you today on $HWM Howmet Aero.I've got an intriguing chart for you today on NYSE:HWM (Howmet Aerospace Inc.). Here's what we're looking at: Recent Performance: Check out that spike! What's driving this momentum? Technical Levels: Are we approaching a breakout, or is this a false dawn? Earnings Whisper: With earnings around the corner, what are your predictions? Drop your thoughts, predictions, or any questions below. Let's make this a thread of insights! Like, comment, and share if you find this analysis helpful. Let's build a community of sharp minds around NYSE:HWM ! #StockMarket #Investing #Aerospace #HWM #TechnicalAnalysisLongby ImmaculateTony0
notice the death cross on the MACDGaps galore. Once the bubble bursts and the hysteria dies down, I'm looking to rent in the mid-80s. The MACD does seem to be closing, which I am monitoring.Shortby themoneyman801
double top opportunity could speak volumesIt has been on a very exciting run in the past few weeks, looking for a higher area of new highs; otherwise, the top could be in, denying it a further run.Shortby themoneyman800
Howmet Aerospace Surges 15% As it Leads the S&P 500 GainersHowmet Aerospace's stock soared early Tuesday, breaking out as the company reported strong earnings, optimistic guidance, and significant hikes to its dividend and buyback program. The Boeing supplier, known for its engine components and metal parts, posted a 52% increase in earnings to 67 cents per share on an adjusted basis, surpassing FactSet's estimate of 60 cents. Revenue rose 14% to $1.88 billion, topping analyst projections of $1.834 billion. Robust Earnings and Revenue Growth The strong financial performance in Q2 was driven by a 27% jump in commercial aerospace revenue, fueled by strong travel demand and an aging aircraft fleet. Howmet Aerospace CEO John Plant highlighted the "extremely high" backlog at aircraft original equipment manufacturers (OEMs) as a key factor, noting that these manufacturers struggle to deliver jets consistently. Defense aerospace revenue also increased by 11% for the quarter, while commercial transportation revenue saw a slight decline of 4%. In addition to Boeing, Howmet Aerospace supplies to RTX unit Pratt & Whitney and Lockheed Martin's F-35 Lightning II. Upgraded Outlook and Shareholder Returns Reflecting its strong quarter, Howmet Aerospace ( NYSE:HWM ) has raised its 2024 adjusted earnings per share guidance to $2.53-$2.57 from the previous $2.31-$2.39. The company now expects 2024 revenue between $7.4 billion and $7.48 billion, up from the prior guidance of $7.225 billion to $7.375 billion. This new outlook surpasses FactSet's earnings forecast of $2.39 per share on $7.32 billion in revenue. Moreover, Howmet Aerospace ( NYSE:HWM ) increased the midpoint of its 2024 free cash flow guidance by $70 million, to $870 million. For Q3, the company anticipates EPS of 63-65 cents on revenue of $1.845 billion-$1.865 billion, ahead of analyst views of 60 cents EPS and $1.81 billion in sales. In a significant move to enhance shareholder value, Howmet Aerospace ( NYSE:HWM ) bought back $60 million worth of stock during the quarter and increased its stock repurchase plan by $2 billion, bringing it to $2.487 billion. The company also hiked its quarterly dividend by 60% to 8 cents per share, with the new dividend for Q3 to be paid out on August 26 to shareholders on record as of August 9. Market Reaction and Future Prospects Following these announcements, Howmet Aerospace ( NYSE:HWM ) stock surged nearly 15% early Tuesday, achieving a new record high above $90 and leading S&P 500 gainers. The stock has rallied 53% so far this year through Monday's close, reflecting investor confidence in the company's robust performance and future prospects. Pittsburgh-based Howmet reported net income of $266 million, or 65 cents a share, for the quarter, up from $193 million, or 46 cents a share, a year earlier. Excluding one-time items, adjusted earnings per share came to 67 cents, ahead of the 60-cent FactSet consensus. Sales rose to $1.88 billion from $1.648 billion, also surpassing the $1.834 billion FactSet consensus. CEO John Plant remains optimistic about the future, stating, "The outlook for commercial aerospace continues to be robust, with strong travel demand and an aging aircraft fleet, leading to an extremely high backlog at the aircraft OEMs." He acknowledged challenges in the consistent delivery of aircraft but emphasized that the company has raised guidance for all metrics due to the strong quarter. Segment Performance By segment, Howmet Aerospace reported significant growth: Engine-products sales: Rose to $933 million from $821 million, driven by growth in commercial aerospace, defense aerospace, oil and gas, and industrial gas-turbine markets. - Fastening-systems sales: Increased by 20% to $394 million from $329 million, primarily due to the commercial aerospace market, including wide-body aircraft recovery. - Engineered-structures sales: Rose 38% to $275 million, driven by growth in commercial aerospace and defense aerospace markets. - Forged-wheels segment: Sales fell 7% to $278 million due to lower volumes in commercial transportation and a decline in aluminum and other inflationary costs. Separated from aluminum maker Arconic Inc. in 2020, Howmet Aerospace ( NYSE:HWM ) has established itself as a critical player in the aerospace industry, providing essential components and maintaining a strong market position. Technical Outlook Howmet Aerospace ( NYSE:HWM ) stock has experienced a 13% increase as of the present trading period, positioning it above the oversold region with a Relative Strength Index (RSI) of 74.43, indicating the potential for further upward movement. The daily price chart displays a gapping pattern, a phenomenon observed when a significant price movement occurs in a trading pair with minimal or no trading activity in between. In the case of Howmet Aerospace, the occurrence of the gapping pattern can be attributed to the positive earnings beat news. Conclusion Howmet Aerospace's impressive Q2 performance, upgraded guidance, and enhanced shareholder returns program underscore its robust growth and market resilience. With strong demand in commercial and defense aerospace, the company is well-positioned to continue its upward trajectory, offering a promising outlook for investors and stakeholders alike.Longby DEXWireNews2
HOWMET AEROSPACE NDLooking for buy at outbreak or entry at the resistance / Gap-Close Area. Not a trade call, ztrade at your own risk. Peace!Longby ernstschwarz222
Howmet Aerospace Holds a Lot of PotentialNYSE:HWM Howmet Aerospace holds a lot of potential. They manufacture components for jet engines, fasteners, and titanium structures for aerospace applications, and forge aluminum wheels for heavy trucks. Aluminum products are an excellent choice to help achieve higher energy efficiencies due to their lighter weight. Just to give you an example, aluminum alloy wheels are 30% lighter than steel wheels. Higher inflation wouldn't affect this company much. In fact, during their last earnings call, I believe they said that 95% of their costs can be passed onto their customers. The financials have been great since the split from Arconic Inc., but of course, you need to wait for the fundamentals and the technicals to align before you make an entry. I made my initial purchase the day of the earnings gap. Now that I have a cushion, I added more during the pullback. I believe this earnings gap pullback shows relative strength; it hasn't even come close to the breakout candle. This stock is a market leader. It's already up 63% in the last 6 months. Hopefully, I can get a nice swing out of this one. What stocks are on your radar right now?Longby JoelTCampbellJr0
$HWM Earnings Gap StrengthThe earnings gap strength displayed in NYSE:HWM is very impressive. I expect this one to be a market leader.Longby JoelTCampbellJr0
HWM Entry, Volume, Target, StopEntry: with price at or slightly above 51.35 Volume: with volume greater than 4.56M Target: 56.71 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 51.34 & target of 56.71, a stop at 49.55 gets you 3/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader. Longby tradepatientlyUpdated 441
8.8 to 1 risk reward equilibrium triangle buying third lows as part of methodologyLongby porterstone0
HWM - Minor Low BreakoutG/G trend with a pullback after earnings. Has 3-4 propulsion dots across 13/21/34 propulsion dots. Vscore area, RAF just below extremes = Minor low breakout. The only thing about this price action is I would wish for a larger pullback. The entry here is above 13ema, despite the momentum. Volume support is lower and starts around 41.30. I'm going to take a small aggro position if we get a breakout, due to the overall ITA sector strength, but I would like to get a more conservative entry. I would like to enter between the 13 and 21 propulsion dots. 21APR23 42Calls. You could also look at 43 Calls which have more Open Interest. Entry - $42.10 Profit - $42.95 25% Stop Loss. Longby TradingBandito06Updated 0
$HWM is forming a nice pivot. Can it move higher from here?Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Basing for the past ~14 months * Recently bounced off historical highs around $31 * Forming a nice and tight pivot area around $35 * Offering a very low risk entry * Showing signs of strength and accumulation Technicals: Sector: Industrials - Specialty Industrial Machinery Relative Strength vs. Sector: 1.33 Relative Strength vs. SP500: 1.31 U/D Ratio: 1.74 Base Depth: 33.89% Distance from breakout buy point: -4.99% Volume 8.49% above its 15 day avg. Trade Idea: * You can enter now as it's trying to break above the $35 resistance level * Or you can wait for a clear break above it before entering * If you're looking for a lower entry you may find one around the $34.3 area as that's the bottom of the tight range * This stock usually has local tops when the price closes around 10.23% above its 50 EMA * Consider selling into strength if the price closes 10.03% to 10.43% (or higher) above its 50 EMA * The last closing price is 3.69% away from its 50 EMALongby HaseebKhan_90332
$HWM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HWM after a Positive Under reaction following its earnings release placing the stock in drift A. Longby EPSMomentum0
HWM Initial Long on the daily HWM Initial Long on the daily. TPs and SL on the chart. Max leverage/margin or call option play.Longby loxxUpdated 1
$HWM Breakout Pullback SetupBreakout to ATH pullback setup on $HWM is as good as they can get. One of the setups I am focused on this week.Longby TaPlot5
STM Triangle Wedge PatternIf breakout wait for pull back buy off support line which was previously resistence. else if it pulls back to $36 level, 1/2 full size position with stop loss at less than 33.40 Big Picture story: Microchip Shortage = Demand03:03by samisabir2120
HWM 🌦➡️Pattern recognized: Running flat ➡️Hypothesis: Neutral ➡️Catalyst: Earnings in 3 days ➡️Conclusion: Credit spreads ***This does not constitute financial advice.*** If you like what you see why not support us? 👇by Moneymakero0
Final rush?From looking at the past. Every time $HWM reached its All-time high (ATH). It dropped and consolidate. Be careful when $HWM reached its ATH again which will happen pretty soon recently. Better cash out some part of your position or use the put option to protect your investment. For self-education use only. Not financial advice.by siccccUpdated 0
HOWMET AEROSPACE Course DailyHey my friends, HOWMET AEROSPACE is in a bearish fake dynamic with a kind of water-carrying candle followed by a marked bearish leg and a buy volume return made. In the TIMEFRAME M1 we can see a large hammer candle with a low return of issued purchase volume. It came to check the base of the bollinger to get to the top of the balance zone and test it. Great propability to breakout the price with momentum then then the zone to reach the one above and go to the next high. The highest of the bollinger will be tested excessively (on TIMEFRAME H4) before breaking out a similar equilibrium zone (on TIMEFRAME H1) and test at the high point of this one. Possible test of half of the intermediate median of ANDREWS PITCHFORK. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd0
HWM Swing trade idea 01-15-2021After an uptrend the last months, price is in a consolidation mode, for that reason, we are in favor of a break of this balance Longby Jleal5alpha0
Howmet Aerospace: Hugely Undervalued with Promising Upside(Pt.1)Howmet manufactures components for the aerospace, ground transportation, defense, and industrial sectors including aluminum sheet, plate, extrusions, and other specialized parts. November's Q3 earnings report showed a 37% decrease in revenue Y.O.Y compared to Q3 2019. This was likely due to the pandemic's impact on commercial air travel and aircraft manufacturing as well as Boeing's decision to halt production of the 737 Max. Currently trading just under $25.60, it is massively undervalued given its high profile contracts with giants like Boeing, Airbus, and Daimler. Distribution of the vaccine and a return to normalcy with increased air travel will raise demand for its products used in commercial aircraft production. Boeing also recently announced that it has resumed production of its 737 Max model, which will help Howmet's aerospace division further. The global economic recovery and subsequent rise in household income(followed by consumer spending), will likely lead to a bump in new car purchases and production. This would bolster its already strong ground transportation division. The Daily Chart shows decently high volume and a strong uptrend. With the 50 day moving average of closing prices recently crossing above(and staying above) the 200 day moving average, things look very promising.Longby CryptoComrade5
HWM Longcost basis: $16.75 tight stop loss based on today's low easy 4% to fill today's gap downby ak_ruthless1
Up trend The price now at level .618 he tried twice in the yellow cycle as you seen in the figure to break the level (A) but he failed If the price can break this level (Green) we will see the price at next resistance level .1 and the green one will be strong support level . My transaction is clear take profit at 22.00$ Entry price at 17.79$ Stoop loss at 15.30$ by danialalkhateeb190