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Defense Stocks Thriving Through Sequester Cuts

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.

Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: Price at which to enter a GTC limit order to sell on strength.

Boeing (BA - Get Report) ($117.84 vs. $97.93 on May 23) traded to a new multi-year high at $120.38 on Sept. 19 and in the process was downgraded to sell from hold. My weekly value level is $112.04 with a quarterly pivot at $115.14 and monthly risky level at $126.05.

Rockwell Collins (COL - Get Report) ($67.72 vs. $65.92 on May 23) had some downside recently. The multi-year high is $75.25 on Aug. 8, which was nearly retested on Sept. 19 and then hit the skids and is well below its 50-day SMA at $71.77. My weekly value level is $62.79 with a quarterly pivot at $70.49 and semiannual risky level at $71.99.

Curtis-Wright (CW - Get Report) ($46.94 vs. $35.84 on May 23) set a new multi-year high at $48.40 on Sept. 18. This sell rated stock is the best performer since May 23. My quarterly value level is $45.53 with an annual pivot at $46.51.

General Dynamics (GD - Get Report) ($87.51 vs. $77.42 on May 23) set a multi-year high at $89.94 on Sept. 19. My semiannual value level is $84.72 with an annual pivot at $86.80 and annual risky level at $90.45.

L 3 Communications (LLL - Get Report) ($93.93 vs. $85.81 on May 23) set a new multi-year high at $96.71 on Sept. 25 then declined to its 50-day SMA at $93.15 on Oct. 2. My weekly value level is $92.03 with a quarterly pivot at $97.02 and monthly risky level at $97.80.

Lockheed Martin (LMT - Get Report) ($125.08 vs. $106.49 on May 23) set a new multi-year high at $131.60 on Sept. 19 then fell to the 50-day SMA at $124.60 on Oct. 2. My annual value level is $112.40 with a quarterly pivot at $128.16 and monthly risky level at $134.36.

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SYM TRADE IT LAST %CHG
BA $148.40 0.00%
COL $97.79 0.00%
CW $75.71 0.00%
GD $134.10 0.00%
LLL $123.37 0.00%

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DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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