I. Conservative Recommendation
The Boeing Company (BA)
Boeing, a holding in Alpha Algorithm, has been in a steady uptrend over the past six months.
The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties on C-Series jets made by Bombardier Inc. after rival Boeing Co. claimed the aircraft were unfairly subsidized by Canada. Boeing had complained the 110 to 130 seat aircraft were dumped below cost in the U.S. market last year while benefiting from unfair subsidies.
Shares in Boeing are up a whopping 63% this year and have almost doubled over the past 12 months.
Technically, the stock is in a strong uptrend and scores 100% on my long-term technical indicators.
II. Aggressive Recommendation
Raytheon Company (RTN)
I’ve highlighted Raytheon before, and it is a current recommendation in my weekly trading service, Momentum Trader Alert.
As long as the North Korean crisis remains in the headlines, Raytheon, which makes the Patriot interceptor missiles, will continue to soar.
From a technical standpoint, Raytheon scores 100% on all technical indicators that I follow for the Momentum Trader Alert service.
Nicholas A. Vardy