Jeff Bezos's Blue Origin Flies High, By Winning Deal To Power ULA's New Rockets
Jeff Bezos-backed startup Blue Origin just clinched a major contract - with United Launch Alliance (ULA).
Blue Origin’s BE-4 engines will power ULA's Vulcan Centaur - a new suite of rockets touted to potentially undercut Elon Musk’s SpaceX rockets on price. Blue Origin beat established player Aeroject Rocketdyne in bagging the deal with ULA. Vulcan Centaur is scheduled to be launched in 2020.
Amazon CEO Jeff Bezos is funding Blue Origin by selling around $1 billion of his own stake in Amazon each year. ULA, on the other hand, is a joint venture of Boeing and Lockheed Martin, and manufactures sensitive national security satellites for the US government.
Blue Origin’s winning the Vulcan Centaur deal would likely lead to the former opening a 200,000 square foot plant that will create 400 new manufacturing jobs, as indicated by Blue Origin in July last year. In addition to powering ULA rockets, BE-4 engines will also be utilized in Blue Origin's own heavy-lift rocket, called New Glenn.
LMT in upward trend: price may ascend as a result of having broken its lower Bollinger Band on May 25, 2023
LMT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 46 cases where LMT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where LMT's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for LMT just turned positive on May 18, 2023. Looking at past instances where LMT's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LMT advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where LMT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 24, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on LMT as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
LMT moved below its 50-day moving average on April 25, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for LMT crossed bearishly below the 50-day moving average on May 02, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LMT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for LMT entered a downward trend on May 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.765) is normal, around the industry mean (25.136). P/E Ratio (20.534) is within average values for comparable stocks, (311.254). Projected Growth (PEG Ratio) (3.214) is also within normal values, averaging (7.852). Dividend Yield (0.026) settles around the average of (0.023) among similar stocks. P/S Ratio (1.769) is also within normal values, averaging (174.186).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. LMT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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Fundamental Analysis Ratings
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General Information
a manufacturer of components and systems for aerospace and defense use
Industry AerospaceDefense
LMT and
Correlation & Price change
A.I.dvisor indicates that over the last year, LMT has been closely correlated with NOC. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if LMT jumps, then NOC could also see price increases.
