Northrop Grumman Corporation (NOC)

308.43
NYSE
Prev Close 302.99
Day Low/High 304.00 / 309.56
52 Wk Low/High 263.31 / 385.00
Exchange NYSE
Shares Outstanding 166.71B
Market Cap 50.51B
P/E Ratio 21.66
Div & Yield N.A. (N.A)

Moved NOC

I have moved to medium-sized long.

Adding to Trading Longs

I added to the following trading longs this morning: $254.85, $162.37, and $263.34.

Adding to My Small NOC Rental

Yesterday I took a small long trading rental in Northrop .  The shares are now within 5% of where it was November 9th, 2016. NOC closed at $242.30 the day after the election results were official, essentially taking The Trump effect out of the defen...

Jim Cramer: We Are Seeing the Power of Negative Thinking

Jim Cramer: We Are Seeing the Power of Negative Thinking

With all the selling, the market is afraid of even the good buys, like Amazon and Northrop Grumman.

My NOC Cost Basis

My cost basis in the trading rental of Northrop is $265.55.

My Anti-Momentum Trade

* Buying more Northrop .  Defense and aerospace stocks are getting schmeissed - an extension of the recent weakness.  I am adding to NOC in the belief that our past tells us trade wars can lead to real wars.  Here is more.

Buying NOC For a Trade

I have taken a short term trading long rental in Northrop at $262.30 this morning after the disclosure of an accelerated buyback. This is strictly a rental (measured in hours or days) and not a long term lease. In late September NOC traded at $325.

Military Might: Top Defense & Security ETF and Stock Picks for a Dangerous World

Military Might: Top Defense & Security ETF and Stock Picks for a Dangerous World

Seven experts select their best ideas among aerospace and naval contractors, drones, building security, biological threats and cybersecurity.

How to Trade Microsoft Into Earnings: Market Recon

How to Trade Microsoft Into Earnings: Market Recon

Add to longs near this key support level.

We May Not Be in a Bear Market...Yet: Market Recon

We May Not Be in a Bear Market...Yet: Market Recon

But here are the signs to watch, and how to protect yourself.

Let's Focus on China and a Potential Cold War of a Trading Kind: Market Recon

Let's Focus on China and a Potential Cold War of a Trading Kind: Market Recon

We consider possible impacts of an extended trade war, which Alibaba's Jack Ma thinks could last 20 years.

Salesforce Is So Dependable, Here's How to Play It: Market Recon

Salesforce Is So Dependable, Here's How to Play It: Market Recon

2 options plays in Salesforce as the Dreamforce conference kicks off for this 'Cloud King.'

A Heads Up

Defense stocks (e.g., -$9) are down massively on Trump tweets that throw new doubts into defense appropriations deal.

Lockheed Martin's Chart Is Spectacular: Market Recon

Lockheed Martin's Chart Is Spectacular: Market Recon

LMT spiked right through a couple of points of resistance late last week.

Today's Trades

I eliminated my long, added to my short and increased my long (on weakness).

NOC Sold

As written, I have sold out of my long.

Selling My Northrop Long Investment

In light of the Manafort/Cohen indictments (discussed further in my opening missive) the odds favoring a "Blue Wave" in November are rising. If this occurs, among other things, the pressure for higher defense outlays will likely be reduced. As a con...

GLD or NOC?

If I didn't choose as my Tweet of the Week - I would have recommended NOC for an upside trade. It was a close call! As I mentioned yesterday: Adding to NOC Aug 20, 2018 ' 11:44 AM EDT  Northrop  is looking better technically. Been adding. My technic...

3 Ways to Play Lululemon on This Rise: Market Recon

3 Ways to Play Lululemon on This Rise: Market Recon

LULU is up 70% since March. This is how to get into the name in an intelligent way.

The Day in a Nutshell... Thus Far

Dillard's is DiLovely, Northrop "Knocks Four Times" (+$4), Nvidia Erupts (I covered down on the day, now +$7), Netflix Emerges from a Downtrend (+$13), Nazzies Still Nasty, Box was Heavy Now Lighter, Nike Nice (on two upgrades), Apple's "Up" Skein A...

Adding to NOC

Northrop is looking better technically. Been adding. My technical mavens are bullish off of $296.50 or a better close.

Playing Defense

Aerospace and Defense If you trade the space then surely you noticed the largely upbeat assessment of the group made by UBS analyst Myles Walton yesterday. Of note for Walton were DOD weapons budgets that are up 40% in three years versus spending ou...

How I Play, and Write About, The Game

* I am Staying Bearish Based on the Notion That Upside Reward Is Dwarfed by Downside Market Risk * But I Will Trade Opportunistically in a New Regime of Volatility * Regardless of Market View, I Will Always Be on the Hunt for Long Ideas and Will Pro...

My Buy List

Here is my buy list of stocks that I plan to aggressively buy in a more sizable market correction: , , , , , , , , , , , , , and .

Still Playing Defense - NOC Three Times!

'Knock three times on the ceiling if you want me Twice on the pipe if the answer is no' - Tony Orland and Dawn, Knock Three Times There is a natural tendency to emphasize our successes and de-emphasize or "sweep under the carpet" our investment fail...

There Is No Dogma In My Diary

Eight trading days ago I moved "all out" in my individual long equities. I said at the time, that this was not a permanent condition - if stocks that I have previously analyzed reach my Buy Zone I will not be reluctant to purchase them, regardless o...

5 Defense Stocks to Buy Now: Market Recon

5 Defense Stocks to Buy Now: Market Recon

Today's headlines may bring uncertainty, but this sector still looks good.

Some Observations on the Day

* The banks cooled off after a great run as bond yields folded a bit (two basis points lower). * Twitter , a new buy (yesterday), was upgraded by Nomura and caught a bid. But my pal Dennis Gartman dissed it in his newsletter this morning. * Another ...

'My One and Only'

NOC four times. Northrup Grumman (+$7) has it back today. NOC is my only individual non-gold equity long -- I have been buying all week.