High Velocity Profits
I've got a powerful recommendation that plays right into the President's commitment to increase defense spending.
Founded in 1922 and based in Waltham, Massachusetts, Raytheon Co. (RTN) is a military-related technology company that develops integrated defense systems, missile systems, space & airborne systems, and intelligence and information services to the U.S. Department of Defense and our allies worldwide.
The company reported more than $24 billion in sales last year alone with 31% of those sales coming from international customers. I think both figures will grow next year.
I expect to see a share price of at least $187, which translates into approximately 21% growth and earnings that may hit $9 a share versus the consensus estimates of around $8.29 by 2018.
It's worth noting that the company has consistently demonstrated a strong commitment to shareholder value, as evident by ten consecutive years of increased dividend payments and share buybacks.
Baesd on our proprietary trading system, the stock sports a very healthy Piotroski score of 8 out of a possible 9. What's more, the stock entered a state of positive high velocity on February 13, 2017, so we've got a textbook perfect Green X telling us that it's time to make your move, because the stock is "going up."