The Traderszone Network

Published in TZ Latest News 27 January, 2017 by The TZ Newswire Staff

General Dynamics, Chip Stocks Strong As Market Waffles

Despite a flat market Friday, several stocks broke out to new highs or added to recent gains.

General Dynamics (GD) cleared a 180.19 flat-base buy point in heavy trade. The Virginia-based maker of jets, combat vehicles and submarines reported mixed Q4 results, as earnings rose 9% to $2.62, beating views. Revenue increased 5% to $8.23 billion, missing forecasts but ending a four-quarter streak of sales declines.

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