Wednesday, November 2, 2016

Northrop Grumman - Chart of the Day

Northrop Grumman (NOC) is the Barchart Chart of the Day.  The diversified aerospace/defense company has a Trend Spotter buy signal, a Weighted Alpha of 25.02+, gained 20.64% in the last year and paid a 1.57% dividend.

The Chart of the Day belongs to Northrop Grumman (NOC).  I found the diversified aerospace/defense stock by using Barchart to sort the Russell 3000 Index stocks first by the number of new highs in the last month, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 9/23 the stock gained 5.35%.

Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company’s Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems. This segment sells its products primarily to government agencies for use in various areas, including intelligence, surveillance, and reconnaissance; communications; battle management; strike operations; electronic warfare; earth observation; satellite communications; space science; and space exploration. Its Electronic Systems segment offers solutions for sensing, understanding, anticipating, and controlling the operating environment to military, civil, and commercial customers. This segment provides various defense electronics and systems, airborne fire control radars, situational awareness systems, early warning systems, electronic warfare systems, air defense radars and management systems, navigation systems, communications systems, marine power and propulsion systems, space systems, and logistics services. The company’s Information Systems segment offers advanced solutions for Department of Defense, national intelligence, federal civilian, state, international, and commercial customers. This segment provides products and services primarily in the fields of command and control, communications, cyber, air and missile defense, intelligence processing, civil security, health information technology, and government support systems. Its Technical Services segment provides logistics, modernization, and sustainment services; and other advanced technology and engineering services, including space, missile defense, nuclear security, training, and simulation services.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

Barchart technical indicators:

  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 6.88% in the last month
  • Relative Strength Index 69.25%
  • Technical support level at 227.19
  • Recently traded at 228.67 with a 50 day moving average of 216.09
Fundamental factors:
  • Market Cap $40.364 billion
  • P/E 21.67
  • Dividend yield 1.57%
  • Revenue expected to grow 1.80% this year and another 4.00% next year
  • Earnings estimated to increase 11.10% this year, an additional 2.90% next year and continue to increase at an annual rate pf 8.32% for the next 5 years
  • Wall Street analysts issued 4 strong buy and 11 hold recommendations on the stock

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