And a stock alternative check-in.
We like the company's plans to shift toward more energy exposure.
Protection from near-term downside volatility could be needed.
Nonetheless, we continue to like this story and the aerospace cycle.
Earnings beat despite plant outages.
But the real story is the product cycle in the second half.
Our patience is low and management's credibility has taken a hit with this report.
The majority of the stock universe isn't participating in the trend advance.
Earnings events have seen volatility with this stock over the past four quarters.
We don't expect its earnings report to spur a massive breakout or breakdown.