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If Tesla, Then Northrop Grumman.
If Tesla is technology company, then so too is Northrop Grumman. One is in the Nasdaq and one isn’t, one has a fanboi army and one doesn’t, but that’s just marketing.
If this is a technology product:
Then so is this:
The thing at the top can haul a lot of stuff up a hill, and out-accelerate most all Lamborghinis. The thing at the bottom can fly across a continent without many people noticing, destroy a minor city in the name of national security, and be home for lunch.
They both have a lot of semiconductors and software in them.
Right now defense stocks look to be under institutional accumulation to our eye - this is the case for most of the major US primes, your Lockheed Martins, Northrop Grummans and so on.
On today’s Weekly Webinar we’ll be talking about earnings from Tesla, AT&T, Northrop Grumman, Lockheed Martin, plus we’ll look short- and long-term at the S&P500, the Nasdaq-100, the Dow Jones and the Russell 2000.
As always, our Weekly Webinars are for members of the “Pro” tier of this Substack. If you’re a Pro member here, just scroll down to register for today’s webinar at 4PM EASTERN - right after the close. Want to become a Pro member? Sign up right from the links below. See you soon - live and open mic, as always!
Alex King, Cestrian Capital Research, Inc - 25 January 2024.