Northrop Grumman Corporation (NOC)

304.36
1.40 0.45
NYSE
Prev Close 302.99
Open 305.16
Day Low/High 304.00 / 309.56
52 Wk Low/High 263.31 / 385.00
Volume 1.11M
Exchange NYSE
Shares Outstanding 166.71B
Market Cap 50.51B
P/E Ratio 21.66
Div & Yield N.A. (N.A)

Buying a Falling Knife is the Friend of the Long Term Investor

'The most common cause of low prices is pessimism. We want to do business in such an environment, not because we like pessimism, but because we like the prices it produces. It's optimism that is the enemy of the rational buyer. None of this means, h...

Some Miscellaneous Late Morning Observations

* reverses recent weakness * on a nice run, on my Best Ideas List * has a good EPS beat following the same from (I am still concerned with industry pricing in 2019) * picked up an upgrade yesterday, on my Best Ideas List * is toothless today for obv...

Defense Continues in a Downward Spiral

Despite a reiteration from Goldman ($400 price target), continues lower and I continue to buy. NOC and defense is my weekend project - because I dont quite understand the share price drop.

VERY LIQUID

After having taken gains in a long list of shorts and longs over the last month, my book (in terms of the number of holdings and in my gross exposure) has rarely ever been smaller than it is today. I usually have more than 40 positions (long and sho...

Viewing Northrop's Drop as a Short Term Opportunity

I have moved to large - with today's purchases averaging slightly under $296. As mentioned, the only flaw in the press release was a lower projected tax rate - accounting for a portion of the guidance raise. I will have a more thorough analysis tomo...

Northrop's Flaw

The only modest flaw I saw in Northrop was a slightly lower effective tax rate. I am out of the office and will digest the conference call on my return. Thus far the share price drop makes little sense to me and I am buying now medium-sized.

Going "All Out" Was Met By A Collective "Bronx Cheer"

Not surprisingly my 8k+ word two part analysis ("Investors Are Not Being Compensated For Risk") was met by a collective Bronx Cheer (a sound of derision or contempt) on our site, on Twitter and elsewhere). Though I suspect most critics of my move fa...

How to Play a Possible Breakout in Starbucks: Market Recon

How to Play a Possible Breakout in Starbucks: Market Recon

This options strategy on SBUX offers potential reward with little risk.

Northrop's EPS Beat and Guidance Raise

Northrop Grumman just reported second-quarter results. My quick read is that revenue was in line and EPS had a $0.10 beat. More importantly, there was a guidance raise for 2018 EPS, as well as in most important metrics (like cash flow). More later a...

Hey, I'll Take It

Northrop Grumman has had a nice +$5 move off the bottom. I remain long from earlier in the day. The shares are on my Best Ideas List.

Taking a Small Trading Long Rental in NOC

was down big yesterday and traded as low as $310.55 this morning. I took a small trading long rental at $312.50 in the early going. NOC is on my Best Ideas List.

Google Leads a Busy Earnings Week: Market Recon

Google Leads a Busy Earnings Week: Market Recon

But this war of words with Iran is creating geopolitical risk.

Sold All My Longs

I have sold the following longs (and some others not previously disclosed): , , , , , , , , and . If I had a timeframe beyond 2018 (as most investors do) I most definitely would have held onto all these stocks. But, at least for the next several mon...

I've Sold Several Longs

I have sold the following longs (and some others not previously disclosed): , , , , , , , , and . If I had a timeframe beyond 2018 (as most investors do) I most definitely would have held onto all these stocks. But, at least for the next several mon...

The Recent Pullback in the Defense Sector Provides a Buying Opportunity

The Recent Pullback in the Defense Sector Provides a Buying Opportunity

The stocks are trading below key levels, now is your chance to buy.

Why I Like Northrop

Once again why I like Northrop  : As the differences between the US and China, and to a smaller extent Russia and other rogue nations, can only grow more prominent over the long term -- in my view Northrop may be a slow mover relative to the FANG cr...

Comcast and Fox

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

The major U.S. indices rose on Friday, closing out the week on a two-day winning streak.

4 Hair-Raising Stocks for This Friday the 13th: Market Recon

4 Hair-Raising Stocks for This Friday the 13th: Market Recon

Lucky day? Try these 4 names as banks kick off earnings season in earnest.

This Pick Is Looking Good

In late June I purchased Northrup Grumman and added the shares to my Best Ideas List (long). Today the shares are +$8, based principally on the "agreement" by some NATO members to raise spending.

Jim Cramer: The President's Strategy as 'Manufacturer in Chief'

Jim Cramer: The President's Strategy as 'Manufacturer in Chief'

President Trump has been trying to withdraw the U.S. from the role of playing the world's policeman.

Defense Stocks Are in the Crosshairs on NATO Summit: Market Recon

Defense Stocks Are in the Crosshairs on NATO Summit: Market Recon

We have been banging the drum for defense names since mid-2016.

Steady Buying on the Cheap

Speaking of buying weakness, I have been a steady buyer of Northrop Grumman . Another one that I have been consistently buying is Hartford Financial Services Group  . It's still too cheap.

Buying More NOC

Buying more at $306.10.

Adding to My NOC Long

I added to my long late in the day.

Adding to NOC

It seems I was off by a week in making my Trade of the Week! I have been adding to this name on weakness.

Adding to NOC

This week's Trade of the Week, Northrup , is on a nice move today. I added in early trading.

Giving the Market a Wider Berth Before I Reshort

With financials coming out of their funk, FAANG rebounding and with more pessimistic investor sentiment (discussed this morning) moving in unison with lower stock prices -- I can see a continuation of today's modest rally over the next few days. Mor...

Moved to a Large NOC Long on This Morning's Dip

As suggested, I moved to a large long on this morning's dip. My average price was under $304. I might be wrong but I love my entry point on today's purchase which dwarfed my initial small (and higher) buy yesterday.

Adding to NOC

Adding to Trade of the Week (with a $306 top).