20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- General Dynamics Corporation (NYSE:GD) reported a second-quarter slight sales decline of 0.5% year-over-year to $9.22 billion, missing the consensus of $9.30 billion.
- Sales by segments: Aerospace $1.62 billion (-17.8% Y/Y), Marine Systems $2.53 billion (+2.6% Y/Y), Combat Systems $1.89 billion (+8.3% Y/Y) and Technologies $3.16 billion (+3.2% Y/Y).
- EPS improved to $2.61 from $2.18 in 2Q20, beating the consensus of $2.54.
- The operating earnings increased by 15%Y/Y to $959 million, and the margin expanded by 140 bps to 10.4%.
- General Dynamics generated cash from operating activities year-to-date of $1.12 billion, compared to $177 million a year ago and free cash flow of $943 million.
- At the end of Q2, the company's backlog was $89.2 billion, up 8% Y/Y, with the consolidated book-to-bill ratio was 1-to-1.
- The company held cash and equivalents of $2.95 billion, and the Debt-to-capital ratio was 48.3%.
- Price Action: GD shares closed higher by 1.11% at $194.05 on Tuesday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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