We have a number of notes coming your way soon if you're a Cestrian Pro subscriber. Watch out for update notes on Aerojet Rocketdyne (AJRD) and Virgin Galactic (SPCE). We touch on these topics below. We also have new-name coverage of Maxar Technologies coming to our Pro service soon.
DISCLAIMER: This note is intended for US recipients only and in particular is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.
Aerojet Rocketdyne (AJRD)
We went to Buy - Long Term Hold in our Pro service on 26 May. We noted the opportunity to simply hold long, and to (in addition) trade the volatility along the way. Here's what's happened to the stock since then.
Source: TradingView.com, Cestrian Analysis
Our update note will provide further detail including a breakdown of Q2 earnings and an assessment of the impact on AJRD from the recent Pentagon launch contract awards.
Virgin Galactic (SPCE)
We issued our Pro "Buy" note on 2 July. We proposed both a buy-and-hold approach and also identified a trading channel within which we felt long- and short- trades could be operated successfully. Here's how the stock has progressed in that time.
Our update note will consider the next steps for the stock and cover the developments since that Buy note, including an equity raise and a change in CEO.
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Disclosure: Cestrian Capital Research, Inc staff hold personal account long position(s) in AJRD and SPCE.