Can You Profit From The 2019 National Defense Authorization Act?

This is a Post from the Symbol Surfing Blog from Mon, Aug 13, 2018.


So this is the first question I asked myself.

What is the National Defense Authorization Act or NDAA?

"The National Defense Authorization Act (NDAA) is the name for each of a series of United States federal laws specifying the annual budget and expenditures of the U.S. Department of Defense."

https://en.wikipedia.org

In today's news...

Trump gives $717 billion defense bill a green light. Here's what the Pentagon is poised to get

https://www.cnbc.com

The 2 companies mentioned in this article are defense stocks, Lockheed Martin and Northrop Grumman.

Lockheed Martin F-35 Joint Strike Fighters

Both of these stocks only moved up fractionally on today's news, which could mean the news was already expected.

What I like is that each stock recently hit record highs and has had a nice retracement after the most recent 2 earnings releases.

Could this be a good time to get in one or both of these defense stocks?

As a long-term investment, I think so.

What do you think about "Can You Profit From The 2019 National Defense Authorization Act?"?

Let me know in the comments section!

If you think your friends would like this, please share it. Thanks!


Hello! My name is Tom Adishian and I am the creator and developer of Symbol Surfing. I use this site on a daily basis as a time-saving resource to identify trading and investing ideas. If you have a comment, question or suggestion, contact me.

Mon, Aug 13, 2018 LMT @ $313.64

Mon, Aug 13, 2018 NOC @ $292.02

Recent Posts

Stock Market Today 5 New Highs, 49 New Lows, Winners, Losers, Earnings & Dividends Mon, Oct 22, 2018

Only Two 52 Week Highs Today BUT HUGE GAINERS Mon, Oct 15, 2018

8 Best Stocks To Buy Now (Or At Least Add To Your Watchlist) Wed, Oct 10, 2018

ALK Stock Price Continuing Uptrend Thu, Oct 4, 2018

Why I Sold JNJ Today (13% In 4 Months) Thu, Sep 13, 2018

CBOE Stock (Some) Investors Can't Live Without It Wed, Sep 12, 2018

Fortnite Stock Price (& Can I Use My V-Bucks?) Mon, Sep 10, 2018

NVDA News - I Sold A Couple Days Too Late Thu, Sep 6, 2018

ALGN Stock With 2 (Unfinished) Ascending Triangles Thu, Aug 30, 2018

Last Chance To Buy Amazon Below $2,000 A Share Wed, Aug 29, 2018