Summary
After a poor 2016, high demand in the defense market and strong economic growth has pushed Curtiss-Wright sales to mid- to high single-digit numbers.
Curtiss-Wright's main risk remains in the trade war between China and the U.S. as other industrial companies have reported uncertainty and rising costs.
Compared to its competitors in the defense industry, Curtiss-Wright is undervalued and should recover from its sharp October decline.
On October 30th after the market opens, Curtiss-Wright Corporation (CW) will report its third quarter financial earnings. Shares of the defense machinery firm have been on a steep downtrend this October after falling from about $138 to a bottom around $118. The $20 move has taken about 15-days to materialize highlighting a sharp pessimistic sentiment in the industrials spurred on by various macroeconomic factors. However, quick declines such as this one provide investors with an opportunity to capitalize on an undervalued target. Certain technicals point to the possibility of a snap reversal, but with earnings on the horizon, a fundamental change could dash those chances.
From Finviz
