Sign in Subscribe

NOC US - Accumulate - PT $640 / STP <$490 - Fundamentals Good, Stock Selling Off.

Last updated on 
NOC US - Accumulate - PT $640 / STP <$490 - Fundamentals Good, Stock Selling Off.
Photo by Steve Harvey / Unsplash

DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Read our full disclaimer, here.

Analysis by Alex King for Cestrian Capital Research, Inc; with assistance from Claude CoWork.

DISCLOSURE: Cestrian Capital Research, Inc staff personal accounts hold long position(s) in $NOC

Summary

Northrop Grumman (NOC) printed its Q2 today before the open. Fundamentals were strong - record backlog, accelerating backlog growth, recognized revenue growth accelerating, cashflow margins ticking up and net leverage reducing. The stock is down about 3.5% in pre-market trading.