Insights: Bullish Stocks
Aerospace & Defense lifting off• Large-cap aerospace and defense stocks remain leadership, emerging from recent market volatility to achieve new relative strength highs. Aero/defense-related names continue to be favorites of ours within the Manufacturing Sector.
• Massive outperformers Boeing (BA), Ratheon (RTN), and Northrop Grumman (NOC) all have bullish charts, though given their extended nature, we would not recommend opening new positions or adding exposure at this time. However, numerous aero/defense names are trading at favorable entry points. In today's report we highlight actionable charts in the following groups:
o MF-03: Aero Defense, Large-Cap: Lockheed Martin (LMT), General Dynamics (GD), and Huntington Ingalls Industries (HII)
o MF-05: Aerospace, Components & Products, Large-Cap: TransDigm (TDG), Textron (TXT), Teledyne Technologies (TDY), and Embraer S.A. ADR (ERJ)
o MF-07: Aerospace, Comm./Electronics, Large-Cap: L3 Technologies (LLL)
• Related ETFs: ITA, XAR, and PPA
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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