NOC Beat & Raised!

“When buying and selling are controlled by legislation,

the first things to be bought and sold are legislators.”

― P.J. O’Rourke

The Portfolio

Our blog portfolio continues to perform well and volatility remains low. Year-To-Date the portfolio is up +18.43%. Our benchmark, the S&P 500 is up a stunning +20.45% YTD and closed at 3,019.

Earnings Season Continues

Our portfolio companies continue to report earnings, with Northrup Grumman Corporation up today. So far every company in the portfolio has been a meet or beat in terms of earnings and revenue. Most have provided guidance indicating continued growth. It's very difficult to buy into all the negative analyst commentary when such a diverse set of companies continually reports great numbers.

Northrop Grumman delivered a fantastic quarter and created a new challenge for the portfolio. The stock is up $18.98 (+5.86%) on the news that they beat estimates and raised their guidance for the rest of the year. Our challenge is that the stock is now above my 1-year target estimate of $342/share. The decision we need to make is, 1) Sell the shares and capture our +42.95% profit, 2) Trim our position and stay with the company, or 3) Hold our shares because management has provided guidance that the rest of the year will be even better. I'm going to hold our shares and will raise our full year price target to $353.

Some investors will take profits, there's no getting around that, so we're likely to see shares take a dip over the next few days. For many investors, the next earnings call is just a really long time to wait, but for the Stay Invested portfolio we're only half way through the year.

While most people think of NOC for military aircraft, the company is much more diverse than that and has a life saving and security presence in everyone's daily life. Know what you own, and why you own it. Northrop Grumman is a diverse corporation made up of several divisions that provide a broad array of services and technology to both military and civilian customers. I encourage everyone to visit their web site to see all they do www.northropgrumman.com and be sure to check out the corporate leadership page. Northrop Grumman Leadership

  • Cyber

  • Logistic

  • Autonomous Systems

  • C4ISR: Tools & Intelligence for first reponders

  • Strike

  • Advanced Electronics

  • Commercial Aviation

  • Defense Systems

  • Directed Energy

  • Healthcare

  • IT & Enterprise Solutions

  • Manned Aircraft

  • Military Aviation

  • Missile Defense

  • Naval Systems

  • Navigation Systems

  • Space

NOC 7-24-2019

EXPECTED: Northrop Grumman Corporation is expected* to report earnings on 07/24/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.

The consensus EPS forecast for the quarter is $4.69. Earnings range is range is $4.42 to $4.89.

The consensus revenue forecast for the quarter is $8.43B, Revenue range is $8.28B - $8.52B.

REPORTED: Northrup Grumman reported second quarter earnings per share of $5.06 today, a solid beat over the $4.69 analysts were predicting.

Total revenues came in at $8.456 billion, exceeding the $8.43 billion forecast.

NOC expects to earn $34 billion for all of 2019, while analysts are forecasting $33.90 billion.

Management raised full year earnings guidance from a range of $18.90-$19.30, up to $19.30-$19.55.

AMZN 7-25-2018

EXPECTED: Amazon.com, Inc. is estimated to report earnings on 07/25/2019.

The consensus EPS forecast for the quarter is $5.52. Earnings range is range is $4.34 to $6.77.

The consensus revenue forecast for the quarter is $62.46B, Revenue range is $60.97B - $63.76B.

MA 7-30-2019

EXPECTED: Mastercard Incorporated is expected* to report earnings on 07/30/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.

The consensus EPS forecast for the quarter is $1.83. Earnings range is range is $1.73 to $1.91.

The consensus revenue forecast for the quarter is $4.09B, Revenue range is $4.01B - $4.18B.

SNE 7-30-2019

EXPECTED: Sony Corp Ord is expected* to report earnings on 07/30/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.

The consensus EPS forecast for the quarter is $0.78. Earnings range is range is $0.78 to $0.78.

The consensus revenue forecast for the quarter is $18.79B, Revenue range is $18.79B - $18.79B.

MPWR 7-31-2019

EXPECTED: Monolithic Power Systems is estimated to report earnings on 07/24/2019.

The consensus EPS forecast for the quarter is $0.92. Earnings range is range is $0.91 to $0.93.

The consensus revenue forecast for the quarter is $150.68M, Revenue range is $150.16M - $150.7.

RCL 8-1-2019

EXPECTED: Royal Caribbean Cruises Ltd. is estimated to report earnings on 08/01/2019.

The consensus EPS forecast for the quarter is $2.47. Earnings range is range is $2.34 to $2.53.

The consensus revenue forecast for the quarter is $2.8B, Revenue range is $2.76B - $2.84B.

XYL 8-1-2019

EXPECTED: Xylem Inc. is expected* to report earnings on 08/01/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.

The consensus EPS forecast for the quarter is $0.79. Earnings range is range is $0.76 to $0.80.

The consensus revenue forecast for the quarter is $1.35B, Revenue range is $1.32B - $1.40B.

MIXT 8-1-2019

EXPECTED: MiX Telematics Limited is estimated to report earnings on 08/01/2019.

The consensus EPS forecast for the quarter is $0.18. Earnings range is range is $0.18 to $0.18.

The consensus revenue forecast for the quarter is $35.46M, Revenue range is $34.36M - $36.25M.

AWR 8-5-2019

EXPECTED: American States Water Company is estimated to report earnings on 08/05/2019.

The consensus EPS forecast for the quarter is $0.51. Earnings range is range is $0.50 to $0.53.

The consensus revenue forecast for the quarter is $115.2M, Revenue range is $110.5M - $122.31M.

FOXF 8-7-2019

EXPECTED: Fox Factory is estimated to report earnings on 08/07/2019.

The consensus EPS forecast for the quarter is $0.66. Earnings range is range is $0.65 to $0.67.

The consensus revenue forecast for the quarter is $187.94M, Revenue range is $185.12M - $190.3M.

CCMP 8-7-2019

EXPECTED: Cabot Microelectronics is expected* to report earnings on 08/07/2019 after market close. The report will be for the fiscal Quarter ending Jun 2019.

The consensus EPS forecast for the quarter is $1.57. Earnings range is range is $1.50 to $1.65.

The consensus revenue forecast for the quarter is $267.13M, Revenue range is $263M - $270M.

NSP 8-7-2019

EXPECTED: Insperity, Inc. is estimated to report earnings on 08/07/2019.

The consensus EPS forecast for the quarter is $0.83. Earnings range is range is $0.83 to $0.84.

The consensus revenue forecast for the quarter is $1.04B, Revenue range is $1.02B - $1.05B.

CVS 8-7-2019

EXPECTED: CVS Health Corporation is expected* to report earnings on 08/07/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.

The consensus EPS forecast for the quarter is $1.69. Earnings range is range is $1.65 to $1.72.

The consensus revenue forecast for the quarter is $62.71B, Revenue range is $61.66B - $63.28B.

BDSI 8-8-2019

EXPECTED: BioDelivery Sciences is estimated to report earnings on 08/08/2019.

The consensus EPS forecast for the quarter is $-0.06. Earnings range is range is $-0.25 to $-0.01.

The consensus revenue forecast for the quarter is $24.59M, Revenue range is $23.07M - $27.3M.

NBRV 8-8-2019

EXPECTED: Nabriva Therapeutics is estimated to report earnings on 08/08/2019.

The consensus EPS forecast for the quarter is $-0.33. Earnings range is range is $-0.34 to $-0.33.

The consensus revenue forecast for the quarter is $790K, Revenue range is $500K - $1.25M.

BSTC 8-8-2019

EXPECTED: BioSpecifics Technologies Corp is estimated to report earnings on 08/08/2019.

The consensus EPS forecast for the quarter is $0.72. Earnings range is range is $0.72 to $0.72.

The consensus revenue forecast for the quarter is $8.98M, Revenue range is $8.98M - $8.98M.

NVDA 8-15-2019

EXPECTED: NVIDIA Corporation is estimated to report earnings on 08/15/2019.

The consensus EPS forecast for the quarter is $1.14. Earnings range is range is $1.07 to $1.24.

The consensus revenue forecast for the quarter is $2.54B, Revenue range is $2.41B - $2.57B.

VEEV 8-22-2019

EXPECTED: Veeva Systems Inc. is estimated to report earnings on 08/22/2019.

The consensus EPS forecast for the quarter is $0.49. Earnings range is range is $0.48 to $0.51.

The consensus revenue forecast for the quarter is $259.37M, Revenue range is $254.17M - $262.6M.

HEI 8-26-201