Write something you'd like to share with our community...
$Carpenter Tech(CRS.US)
CRS was volatile again today as industrial stocks pulled back. Some traders may be reacting to index rebalancing, but I don’t see the long-term story changing.
Commercial aviation and defense backlogs remain strong, supporting demand, margins, and pricing power in specialty alloys. Analysts have also continued raising price targets.
I’m watching execution and the earnings report later this month, not daily price swings. Let the numbers speak.
@Captain's Treasure
$Carpenter Tech(CRS.US)
CRS is still trading near historic highs, and I think the strength is justified. Aerospace demand remains hot, while specialty alloy capacity is still tight.
That imbalance is the real story. Commercial aviation and defense both need more high-performance materials, but supply cannot expand quickly.
There will be pullbacks, but unless the cycle changes, I would rather stay with the trend than trade in and out of it.
@Captain's Treasure
Breaking: Trump has appointed Oklahoma Senator Markwayne Mullin to become the next DHS
In the past year, Mullin has traded over $10.2M worth of stocksHis current portfolio includes multiple potential conflicts of interest. Here's what he owns1. $115K of Raytheon Technologies $RTX(RTX.US) — major defense & aerospace contractorRecently Raytheon spun off "Nightwing" which protested a $2.4B DHS contract awarded to a competitor. The DCS then pulled the contract.Raytheon also holds an active $1.2B Einstein cybersecurity contract with the DHS2. $150K of Carpenter Tech $Carpenter Tech(CRS.US) — defense alloys (Raytheon, Lockheed supplier)Carpenter supplies specialty alloys used in military aircraft, naval vessels, and missile systems. All of which are operated by DHS agencies including the Coast Guard and Customs & Border Protection.3. $150K VSE Corp $VSE(VSEC.US) — defense contractor ($565M Air Force deal)VSE right now is bidding on a contract for "storage, maintenance, & disposal services for personal property seized by various federal agencies" including the DHS.4. $150K of Amkor Tech $Amkor Tech(AMKR.US) — semiconductor company funded by the CHIPS ActAmkor receives federal funding from the CHIPS act where the DHS/CISA designated semis/chips as critical infrastructureOther potential conflicts of interest include $150K of Chevron #CVXHis entire tracker is listed on Autopilot, but we'll be keeping an eye on these positions from here