BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Layoffs loom at Lockheed Martin after Marine One cancellation]]>http://www.bloggingstocks.com/2009/05/18/layoffs-loom-at-lockheed-martin-after-marine-one-cancellation/http://www.bloggingstocks.com/2009/05/18/layoffs-loom-at-lockheed-martin-after-marine-one-cancellation/http://www.bloggingstocks.com/2009/05/18/layoffs-loom-at-lockheed-martin-after-marine-one-cancellation/#commentsFiled under: ,

Late last Friday, The Wall Street Journal reported that the Defense Department has ordered Lockheed Martin Corporation (NYSE: LMT) to cease work on a $13 billion contract to build helicopters for the White House.

The move was widely expected, since the Obama administration has previously pointed to the revamped copters as an example of excessive defense spending. However, the contract's cancellation will no doubt bring fresh job losses to Owego, NY, where the Marine One copter is being designed.

Continue reading Layoffs loom at Lockheed Martin after Marine One cancellation

Layoffs loom at Lockheed Martin after Marine One cancellation originally appeared on BloggingStocks on Mon, 18 May 2009 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredjob cutsJobCutslayoffslmtLockheed MartinLockheedMartinMarine OneMarineOneRobert GatesRobertGatesshort interestshort sellersShortInterestShortSellerstechnical analysisTechnicalAnalysisMon, 18 May 2009 11:30:00 EST<![CDATA[Northrop-Grumman (NOC) rises on defense spending speculation]]>http://www.bloggingstocks.com/2008/11/20/northrop-grumman-noc-rises-on-defense-spending-speculation/http://www.bloggingstocks.com/2008/11/20/northrop-grumman-noc-rises-on-defense-spending-speculation/http://www.bloggingstocks.com/2008/11/20/northrop-grumman-noc-rises-on-defense-spending-speculation/#commentsFiled under: , , ,

NOC logoNorthrop Grumman (NYSE: NOC - option chain) shares have moved higher today after with other large defense contractors after President Bush and Defense Secretary Gates recommended that President-elect Obama increase overall defense spending for at least the next five years. This comes just one day after NOC CEO Ron Sugar said that he expects steady spending for at least the next two years. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NOC.

NOC opened this morning at $36.80. So far today the stock has hit a low of $35.24 and a high of $38.05. As of 12:35, NOC is trading at $37.70, up 90 cents (2.4%). The chart for NOC looks bullish and S&P gives NOC a positive 4 STARS (out of 5) buy ranking.

For a bullish hedged play on this stock, I would consider a December bull-put credit spread below the $30 range. A bull-put credit spread is an options position that combines the purchase and sale of put options to hedge risk in case the stock doesn't do what you think but still leverage nice returns. For this particular trade, we will make an 8.7% return in just one month as long as NOC is above $30 at December expiration. NOC would have to fall by more than 20% before we would start to lose money.

NOC hasn't been below $35 at all in the past year and has shown support around $35.25 recently.

Brent Archer is an options analyst and writer at Investors Observer.

DISCLOSURE: Mr. Archer owns and/or controls diversified portfolios of long and short stock and option positions that may include holdings in companies he writes about. At publication time, Brent neither owns nor controls positions in NOC.

Northrop-Grumman (NOC) rises on defense spending speculation originally appeared on BloggingStocks on Thu, 20 Nov 2008 13:11:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsInvestors ObserverInvestorsObserverNOCNorthrop GrummanNorthropGrummanoptionsRobert GatesRobertGatesThu, 20 Nov 2008 13:11:00 EST