10-30-2020, 03:55 AM
(10-29-2020, 08:04 PM)fenders53 Wrote: Divemenow or Crimson,
Please pull a current chart or analyst report on NOC when you have a minute. I've patently waited for it to drop. It looks technically broken right now. Definitely oversold like all the defense stocks. I have no illusions they come back in favor in the near-term, but NOC grew just fine the last time we had a DEM administration. Projected to grow at 10% for years and I like the mix of military aviation and space. DIV growth record has been very good for at least 10 years. Thinking of gradually building a position starting now. I already own a lot of LMT and LHX, and my RTN income side game. If NOC drops hard I'll speed it up, otherwise just a share or two a month for awhile. I like the diversification within the sector since my positions end up large. You never know when you'll have a big problem with a weapons system, or bribery allegations. I'd rather grab a non-defense industrial now, but most of the big ones have ties to commercial aviation, auto manufacturing, or just overvalued.
NOC is a definitely a good company. I was very close to buying last year, but ended up going with LHX instead. It really came down to those two. I haven't followed NOC recently but indeed looks like the chart is pretty much the same as for most other defense companies right now.
As you know, anything can happen in the short term but I think you'll be good with NOC in the long-term. Defense spending isn't going to disappear.