Only Two 52 Week Highs Today BUT HUGE GAINERS
This is a Post from the Symbol Surfing Blog from Mon, Oct 15, 2018.
There are only 2 new highs today.
That's not surprising given the market we're in now.
There are a few things I found interesting.
- Both stocks are aerospace & defense stocks
- Both stocks were huge gainers
- Both stocks are at a record high
This was the news today.
Defense Stocks: L3 Technologies Stock Skyrockets on Harris Merger
Will these 2 stocks move higher?
With a big move like this in 1 day, the stock can sometimes move sideways or sell off over the next few days or weeks before regaining steam to move higher.
Are there other aerospace & defense stocks that are set to move as well?
I am scanning the aerospace & defense stocks page and there are some other stocks that look good.
I sorted the Market Cap column to show the highest market cap companies at the top.
The top 3 are Boeing (BA) at $205.74 billion, United Technologies (UTX) at $103 billion and Lockheed Martin (LMT) at $93.30 billion.
I bought LMT on Mon, Aug 13, 2018.
I'm up about 5% and plan to hold this stock for a while.
It also pays a nice dividend.
The other thing to point out is that it's earnings season.
LMT will report earnings on Thu, Oct 23, 2018, while BA and UTX will report earnings on Wed, Oct 24, 2018.
That should be interesting.
Let me know in the comments section!
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