Continuing to hold up way better relative to the market, especially today with the Dow Jones off 103 points with 45 minutes left in the session. Currently trading $81.03 and just off .42 cents with a session low of 80.75 Should find a bid once the rest of the market settles down. Usually runs up into earnings announcement.
Intra-day double bottom at $80.06 today and now climbing back $1.00 off the lows as LMT and NOC reported earlier today . . . Use $81.06 as your stop loss on longs. Earnings out tomorrow. Median Expectation: $1.09 vs .89 a year ago
Today, LLL reports $1.11 EPS for Q3 and raises full year profit forecast to a range of $4.12 to $4.15 per share, up from its previous forecast of $4.00 to $4.05 per share. http://biz.yahoo.com/rb/051026/arms_l3communications_earns.html?.v=2
Investor Conference scheduled for Thursday. http://biz.yahoo.com/bw/051102/25336.html?.v=1 Not just the typical Dog and Pony Show that showcases the company's technology. The company will offer analysts and investors a very specific breakdown of financials on all 4 divisions. Could be a nice catalyst for the stock.