NOC CLOSES ABOVE $85 PER SHARE........ SETS NEW 52 WEEK HIGH
NOC still has another 20% upside left in 2013. Year end should see the stock over $100 per share.
Time and time again we read headlines where the United states Department of Defense and the CIA look to NOC for the solutions to our nation's military AND security needs. Its not too late to make money on the long side of NOC stock and stock call options. Selling NOC Puts should not be overlooked. So far I've found NOC to be a very enriching investment that allows me to sleep comfortably at night.
The S&P 500 looks strong. It is a safe haven for investors both here and abroad. NOC will track that index accordingly. If NOC can squeeze some profit by reducing expenses the market will push the stock price upward. Improvement to NOC return on equity, even just positive trending, and this stock will continue to climb the wall of worry.
Disclosure: I am holding call options on NOC and own shares (the dividend rate is better than the
5 year CD rate at my credit union).