Candle

Bank AI

April

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>GD Stock fell 13.85% YTD and 0.21% in a year, which means it is slowly improving.&nbsp;</a> </li> 
 <li> <span>2</span> <a>General Dynamics recently secured 2 defense contracts.&nbsp;</a> </li> 
</ul> 
<p>With the current geopolitical scenario, defense stocks are gaining traction. General Dynamics Corp. (NYSE: GD) stock fell 1.32% on July 18. Additionally, its unit, General Dynamics Information Technology, got a $17.9 million U.S. Army contract for I.T. support services. At the same time, General Dynamics Mission Systems secured a $14.5 million alteration to a U.S. Navy contract for service and support of the Independent variant Littoral Combat Ship.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-general-dynamics-corp-gd-stock-financial-analysis-strong"><strong>General Dynamics Corp. (GD Stock) – Financial Analysis</strong></h2> 
<p>Cwm LLC raised its stake in the defense company by 3.0% in Q1 2023, taking its current portfolio to $22.69 million. Edmp Inc. also hiked its position by 21,600% and currently owns 2,642,620 shares worth $10.65 million. Norges Bank also purchased new stakes in Q4, making its portfolio worth $607 million. Moneta Group Investment Advisor LLC raised its position by 91,832.2% in Q4, and now owns 1,396,337 shares worth $343 million.&nbsp;</p> 
<p>Many other institutional investors and hedge funds altered their position in General Dynamics, indicative of its growing potential. <a href="https://www.thecoinrepublic.com/2023/07/18/lockheed-martin-corp-lmt-stock-earnings-expectations/" rel="noopener noreferrer nofollow">Lockheed Martin Corp. (NYSE: LMT)</a> fell by 3.04% to $445.70, and <a href="https://www.thecoinrepublic.com/2023/07/17/the-boeing-co-ba-stock-to-report-earnings-next-week/" rel="noopener noreferrer nofollow">The Boeing Company (NYSE: B.A.</a>) suffered by 0.14% to $211.57</p> 
<h2 class="wp-block-heading" id="strong-general-dynamics-corp-nyse-g-d-technical-analysis-strong"><strong>General Dynamics Corp (NYSE: G.D.) – Technical Analysis</strong></h2> 
<p>At press time, the G.D. stock is trading at $213.52 with a fall of 1.32%. Its previous close and open were at $216.37 and $217.15, respectively. The 52-week range is from $202.35 to $256.86, indicating that it is far from the higher limit. With an average volume of 1.18 million shares, the market cap is $58.576 billion.&nbsp;</p> 
<p>The trailing twelve-month (ttm) price-to-earnings (P/E) ratio is 17.47, indicating a fairly valued share price. At the same time, the (ttm) earnings per share (EPS) is $12.22, showing potential. Analysts placed the price target at $261.59 with a 22.5% upside, and provided a 2.88 rating for moderate buy.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/iaGmqfeOM7KGlBbOgAG5kTMiKL6fEAkuCqm2nv9bw34pKpdwwzSXk9OXQKfqnkHMY8QNQ9nk8gyBNXRAl8WF5WVE2F09Z54lOJZQu_qeakYmLZ4dTAUYmd3tOsTpxZX-IXp6oGNi30qH-xWdnQvAFg" alt="General Dynamics Corp. (GD Stock) - Do Defense Deals Boost Rally?"> 
  <figcaption class="wp-element-caption"> <strong>Analysis Chart; MarketBeat; GD</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>General Dynamics posted its last earnings on April 26, 2023, where the reported revenue of $9.881 billion surpassed the expected value of $9.303 billion by 6.21%. At the same time, the reported earnings were $2.64 per share, which exceeded the estimated worth of $2.58 per share by 2.10%. This caused the share price to swell by 2.02%, but it fell by 7.2% after three trading sessions.&nbsp;</p> 
<p>The subsequent earnings will be posted on July 26, 2023, where the estimation for revenue is $9.456 billion, and estimated earnings is $2.565 per share. The (ttm) revenue is $39.9 billion, and the year-over-year (YoY) quarterly revenue growth swelled by 5.20%. NYSE: G.D. fell 0.98% in a month and 13.85% YTD.&nbsp;</p> 
<p>Operating expense gained 32.04% to $713.00 million, while the (ttm) operating margin gained 11.07%. Net income remained unchanged at $730.00 million, the net profit margin fell 4.89% to 7.39, and the profit margin jumped 8.50%. At the same time (ttm), the gross profit gained $6.62 billion.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-general-dynamics-corp-gd-stock-candle-exploration-strong"><strong>General Dynamics Corp. (GD Stock) – Candle Exploration</strong></h2> 
<p><strong>NYSE:</strong> G.D.’s share price has been in a descending channel since December 2022 and is attempting a breakout. A stooping EMA and lowering RSI at 47.51 foreshadow a slight drop. If the share price falls below the buying zone, a downward momentum could begin.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/fOOJcbzUe8f5frO8Mf0aXm0KH32OE1qrjF4zTxAnlfA1RLnRBBPIcJjFQuCW14oQ3iLlWiOR90WEm_q-j7KBowag7fLDbWWI-W0SQqMlOCQ7Szsm1Sv91E-H5eNZlDN1yoHiVKHixEir8WVfuAOcrw" alt="General Dynamics Corp. (GD Stock) - Do Defense Deals Boost Rally?"> 
  <figcaption class="wp-element-caption"> <strong>NYSE; GD Chart; TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>If the subsequent earnings turn out to be positive, the price might rally, and it will have to cross the immediate resistance at $223.20, brushing the EMA. The price might consolidate between the zone for some time and remain in the channel. A bullish momentum shall be visible after the price crosses and stabilizes over the selling zone.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer:</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets and stocks comes with a risk of financial loss.</p>

General Dynamics Corp. (GD Stock) – Do Defense Deals Boost Rally?

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