COMMENT
Lockheed martin earnings were spectacular which may auger well for Northrup.
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BUY
Is trading at an all-time high above all its moving averages and at a reasonable valuation.
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TOP PICK
It has done well and is trading better than 95% of the companies in the S&P. It is sadly because of the conflict in Ukraine and the growing demand for upgrading defense systems as well as building new ones. There is an increase in defense budgets going forward. A very diversified company. Buy 11, Hold 6, Sell 1 (Analysts’ price target is $499.06)
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DON'T BUY
Defence is the place to be. Defence budgets globally will rise. He owned this until early 2022. This has to consolidate before seeing the next leg up and he returns to it.
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BUY

It rallied 25% earlier this year then consolidated. His pick of the day.

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It’s a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 22/20, Down 10.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with NOC has triggered our recommended stop at $295. We recommend covering the position at this time. We will look for better opportunities.
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premium

It’s a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly NOC is a security company providing products like autonomous systems and cybersecurity and it operates in the US, Asia-Pacific and internationally. It has over $70 billion in backlog orders, which are principally with government agencies like the US Defense department. Recent earnings were up 19% with a 53% increase in free cash flow and the company increased its earnings guidance. We would trade this with a stop-loss at $295. Yield 1.78% (Analysts’ price target is $393.18)
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BUY
Since last week, it might be a company you want to take a closer look at. The long term track record has been quite good. He would prefer BA systems because it has a BREXIT overhang on it.
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COMMENT

The defence sector has been weak, given political uncertainty in the U.S. NOC has a strong backlog though. He prefers General Dynamics. Valuations in this space are reasonable; there's value in this sector (and in healthcare).

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BUY
This just broke above the 200 day average which is very positive. They have been increasing dividends and are buying back shares. The risk is what is the trajectory of the US defense spending budget. Lockheed Martin is another name that may be of interest in this sector.
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BUY on WEAKNESS
A hefty valuation, but they have no R&D expense, because the US government funds it. This needs a better entry point. This depends purely on defense spending and that has seen a big bump from Washington.
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DON'T BUY

The defense stocks are falling out of fears that the Democrats could take the House on the Tuesday U.S. Midterms and remove the defense budget. Trump is basically an arms dealer who insulates himself from the world while he sells arms to each other and kill each other while he walks away with all the money. NOC sales are up 23%, but they didn't hit on all segments, so investors got gunshy. Only 2 of their 4 subsidiaries are making money and growing at a good clip, but not the rest.

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TOP PICK

A $43 billion market value. In the fall, and leading up to November, there was a big run up in several sectors, one being the defence sector, with a view that there would be spending whether the Democrats or Republicans won. A lot of defence stocks have basically traded sideways for the last 4-5 months consolidating that initial gain. This is one of the companies that is trading very close to its highs. A big contractor in the strike bomber and the F35. They are the leader in drone technology. A Triton drone can replace 20 aircraft. Governments try to save money and they want what they can get from drone technology. They are now opened up to sell to the EU and Japan. Dividend yield of 1.6%. (Analysts price target is $260.)

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BUY on WEAKNESS

A very high quality company. Great management. They’ve spent a lot of time over the past several years, buying back a lot stock. You have to look at this in line with the entire defence contractor space. All the stocks have had a big rally post the Trump election, as he focuses on bolstering the US defence Department. Feels valuation is probably full here, but he would keep this it on the radar. He would be a buyer on a selloff.

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BUY on WEAKNESS

From the perspective of what has happened with Trump in the election, there has been a commitment to the industrial space and the defence space. He likes the name for that and would consider it. The stock is not overbought now; it is in the 70.5 RSI, but would probably let it calm down a bit and get back into the $230-$245 range.

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Northrop Grumman(NOC-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

Stockchase rating for Northrop Grumman is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Northrop Grumman(NOC-N) Frequently Asked Questions

What is Northrop Grumman stock symbol?

Northrop Grumman is a American stock, trading under the symbol NOC-N on the New York Stock Exchange (NOC). It is usually referred to as NYSE:NOC or NOC-N

Is Northrop Grumman a buy or a sell?

In the last year, 2 stock analysts published opinions about NOC-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Northrop Grumman.

Is Northrop Grumman a good investment or a top pick?

Northrop Grumman was recommended as a Top Pick by on . Read the latest stock experts ratings for Northrop Grumman.

Why is Northrop Grumman stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Northrop Grumman worth watching?

2 stock analysts on Stockchase covered Northrop Grumman In the last year. It is a trending stock that is worth watching.

What is Northrop Grumman stock price?

On 2022-11-30, Northrop Grumman (NOC-N) stock closed at a price of $525.66.