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 moved above its 50-day moving average on March 19, 2024 date and that indicates a change from a downward trend to an upward trend. In of 37 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on February 23, 2024. You may want to consider a long position or call options on LMT as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The 10-day moving average for LMT crossed bullishly above the 50-day moving average on March 18, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 288 cases where LMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for LMT moved below the 200-day moving average on February 27, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 .
LMT broke above its upper Bollinger Band on March 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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 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 71, placing this stock better than average.
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: LMT's P/B Ratio (16.000) is slightly higher than the industry average of (5.004). P/E Ratio (16.511) is within average values for comparable stocks, (286.120). Projected Growth (PEG Ratio) (4.507) is also within normal values, averaging (7.547). Dividend Yield (0.027) settles around the average of (0.025) among similar stocks. P/S Ratio (1.691) is also within normal values, averaging (166.270).
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.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of components and systems for aerospace and defense use
Industry AerospaceDefense