(07-09-2020, 01:14 PM)Dividendwayfarer Wrote: Added on SO & DUK.
I would be cautious about adding companies that do business in the aerospace industry, particularly the commercial side. I am actually working in the aerospace industry and my company (a fortunate 500) just laid off a ton of people (don’t have the exact number but likely around 50-60%) in the aerospace division. On the flip side, this may be the best opportunity to pick something up cheap.
I think it might be a good place to start nibbling RTX. Too late for that move for me lol. I have about a 50% position. I see no reason to sell, nor did I $10 ago. Gotta hold something core or I'm just gambling. That said, the RTX CEO was unambiguous. Military will be fine, commercial has a tough hill to climb. He flat out said their subsidiary Collins was shipping nothing. Nothing isn't a good monthly sales projection.
Added just a few shares of LMT today. Sold an FCX put strictly on momentum today, and some growth prospects soon. I traded FCX much lower not long back.