Even when the stock market is showing signs of excess there are always pockets of value. One of those pockets at the start of 2021 was the defense industry. We added the stock of Northrop Grumman to our dividend growth… Read More
The defense sector consistently generates high returns on equity and invested capital and Northrop Grumman is no exception. And the defense sector has a history of consistently returning large amounts of capital back to its shareholders. Over the last 10… Read More
Saying that the stock market is showing signs of excess is an understatement. Exhibit 1: This chart via Jim Bianco is the Goldman Non-Profitable Technology Index. Exhibit 2: This family is selling their home to invest in stocks. Exhibit… Read More
The biggest new defense project contract, the next generation long-range bomber, was awarded to Northrup Grumman (NOC). NOC beat out the combined bid by Boeing (BA) and Lockheed Martin (LMT). Upon losing the bid, Boeing and Lockheed Martin have formally… Read More
Bonds are essentially loans. You give a company or some other entity money, they pay you interest, and eventually give you your original investment