$LMT, $NOC, $GD, $TDG, $LHX are all experiencing a 3-5% decline this week, following the overall market trend.
This week, the markets have virtually erased almost all of the gains they made last week. Aerospace & Defense Industry stocks are no exception, as they have declined by 3-5%. If you are interested in active trading and want to receive daily signals for these companies' stocks, subscribe to our robots: Swing-Trader-1-5K-per-position-Medium-Volatility-Stocks-for-Active-Trading-TA-FA.
Notable Companies in the Aerospace & Defense Industry Prominent companies in this industry include Boeing Company (NYSE: BA), Lockheed Martin Corp (NYSE: LMT), Northrop Grumman Corp (NYSE: NOC), Spirit Aerosystems Holdings (NYSE: SPR), and Virgin Galactic Holdings (NYSE: SPCE).
Industry Overview The Aerospace & Defense industry is one of the largest in the United States, encompassing commercial airliners, military aircraft, missiles, space systems, and general aviation. It places a strong emphasis on research and development, making it one of the fastest-growing sectors. Military aircraft dominate the industry's sales, followed by space systems, civil aircraft, and missiles. According to the U.S. Department of Commerce, aerospace exports, both directly and indirectly, support more jobs than the export of any other commodity. Key players in this field include Boeing Company, Lockheed Martin Corporation, and General Electric Company.
Market Capitalization The Aerospace & Defense industry has an average market capitalization of 10.8 billion USD. Market capitalizations for individual companies in this sector range from 1.7 thousand USD to 131.5 billion USD. Boeing Company (BA) holds the highest market capitalization at 131.5 billion USD, while the lowest-valued company is ASDN at 1.7 thousand USD.
High and Low Price Movements The average weekly price growth across all stocks in the Aerospace & Defense Industry has been -1.25%. Over a monthly period, the average price growth was -4.51%, and over a quarter, it was 0.79%. Notably, EVTL experienced the highest price growth at 33.58%, while MNTS faced the most significant decline at -38.08%.
Recent Price Trends
- On July 28, 2023, L3Harris Technologies (LHX, $189.76) experienced a significant decline of -5.08%, indicating a potential downtrend continuation.
- On June 8, 2023, Howmet Aerospace (HWM, $46.17) was a top weekly gainer, with a notable jump of +8%.
- On June 1, 2023, HEI (HEI, $154.58) was a top loser for the week, declining by -5.32%.
Trading Volume The Aerospace & Defense Industry saw an average weekly volume growth of 3.29% across all stocks. Over a monthly period, the average volume growth was 3.06%, but over a quarter, it dropped by -16.96%.
Recent Volume Movements
- On September 1, 2023, the volume for HEI stock increased for four consecutive days, resulting in a remarkable daily growth of 142% of the 65-Day Volume Moving Average.
- On August 30, 2023, the volume for HEI stock increased for one day, resulting in an extraordinary daily growth of 294% of the 65-Day Volume Moving Average.
Fundamental Analysis Ratings Here are the average fundamental analysis ratings for the Aerospace & Defense Industry, where lower scores are better:
- Valuation Rating: 48
- P/E Growth Rating: 61
- Price Growth Rating: 53
- SMR Rating: 77
- Profit Risk Rating: 75
- Seasonality Score: -17 (-100 to +100)
LMT on the Rise:
Potential Jump as it Breaks Lower Bollinger Band on September 06, 2023 LMT might rebound above the lower band, heading toward the middle band. This could be a buy signal for traders or an opportunity to explore call options. In 32 out of 47 similar instances when LMT's price broke its lower Bollinger Band, it continued to rise in the following month, with odds of an upward trend at 68%.
NOC's RSI Indicator Shows Improvement:
NOC's RSI Oscillator moved out of oversold territory on August 16, 2023, signaling a potential shift from a downward trend to an upward one. Traders may consider buying the stock or call options. In 18 out of 25 similar cases when the RSI left oversold territory, the stock moved higher, with odds of an upward move at 72%.
GD Poised for Growth:
Breaks Lower Bollinger Band on September 06, 2023 GD might bounce back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 32 out of 46 similar instances when GD's price broke its lower Bollinger Band, it continued to rise in the following month, with odds of an upward trend at 70%.
TDG Signals an Upward Trend:
Crosses 50-Day Moving Average on September 07, 2023 TDG moved above its 50-day Moving Average on September 07, 2023, indicating a shift from a downward trend to an upward one. In 38 out of 48 similar past instances, the stock price increased further within the following month, with odds of a continued upward trend at 79%.
LHX MACD Histogram Turns Negative:
LHX witnessed its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 05, 2023, suggesting a potential decline. In 30 out of 49 cases when this indicator turned negative, the stock moved lower in the following days, with odds of a downward move at 61%.
HEI's RSI Indicator Shows Recovery:
HEI's RSI Oscillator moved out of oversold territory on August 22, 2023, indicating a possible shift from a downward trend to an upward one. Traders may consider buying the stock or call options. In 21 out of 24 similar cases when the RSI left oversold territory, the stock moved higher, with odds of an upward move at 88%.
LMT in upward trend: price may jump up because it broke its lower Bollinger Band on October 22, 2024
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 43 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 Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LMT advanced for three days, in of 329 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 266 cases where LMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 22, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on LMT as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for LMT turned negative on October 15, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
LMT moved below its 50-day moving average on October 22, 2024 date and that indicates a change from an upward trend to a 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 .
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 68, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 steady price growth. LMT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (22.573) is normal, around the industry mean (7.141). P/E Ratio (21.218) is within average values for comparable stocks, (44.496). LMT's Projected Growth (PEG Ratio) (4.987) is very high in comparison to the industry average of (1.790). Dividend Yield (0.022) settles around the average of (0.015) among similar stocks. P/S Ratio (2.008) is also within normal values, averaging (4.176).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of components and systems for aerospace and defense use
Industry AerospaceDefense