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7 Aerospace Trades Ahead of Earnings, Sequestration

L-3 Communications (LLL - Get Report) ($76.75) is expected to earn $2.12 per share on Feb 5. LLL set a 52-week high at $78.11 on Jan. 2. The daily chart shifts to negative on a close Wednesday below the 21-day SMA at $76.76. The weekly chart shifts to negative given a close this Friday below the five-week MMA at $76.19. My monthly value level is $72.89 with a semiannual pivot at $77.12 and annual risky level at $85.25.

Lockheed Martin (LMT - Get Report) ($92.96) is expected to earn $1.79 per share on Jan 24. LMT set a multi-year high at $95.92 on Nov 6. The daily chart is overbought and the weekly chart is positive with the stock above the five-week MMA at $92.24. My monthly value level is $90.62 with a weekly pivot at $93.74 and quarterly risky level at $101.16.

Northrop Grumman (NOC) ($67.34) is expected to earn $1.74 per share on Feb 6. NOC set a multi-year high at $71.25 on Oct 18.

The daily chart stays negative with a close Wednesday below the 21-day SMA at $67.97. The weekly chart shifts to neutral on a close this week below the five-week MMA at $67.39. My quarterly value level is $61.70 with a monthly pivot at $68.41 and annual risky level at $71.60.

Raytheon (RTN) ($57.74) is expected to earn $1.30 per share on Jan. 24. RTN set a 52-week high at $59.34 on Dec 21.

The daily chart shifts to negative on a close Wednesday below the 21-day SMA at $58.16. The weekly chart shifts to neutral on a close on Friday below the five-week MMA at $57.51. My semiannual value level is $51.32 with a quarterly pivot at $58.46 and annual risky level at $64.74.



At the time of publication, the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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SYM TRADE IT LAST %CHG
BA $150.85 0.00%
FLIR $32.28 0.00%
GD $138.78 0.00%
LLL $129.43 0.00%
LMT $200.05 0.00%

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