These 4 Big Caps Are Closing On Buy Points: Investing Action Plan

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Here's your Investing Action Plan for Friday: what you need to know for the day ahead.

[ibd-display-video id=3009540 width=50 float=left autostart=true] If you're looking for potential stock breakouts, Lockheed Martin ( LMT ), Microsoft ( MSFT ), United Technologies ( UTX ) and Delta Air Lines ( DAL ) are all near buy points. In economic news, the Labor Department releases the monthly employment numbers for November.

Microsoft and United Technologies are members of the Dow Jones industrial average.

Lockheed Martin

Shares of the defense giant rose 0.8% to 314.55 in the stock market today , retaking their 50-day moving average and edging toward a 322.29 buy point from a flat base .

Lockheed's F-35 might be the first missile defense system to be able to shoot down intercontinental ballistic missiles in the key boost phase, said Aviation Week on Monday.

Growing geopolitical tensions and conflicts are fueling global arms sales, while President Trump has called for higher military spending.


The Dow component is working on a flat base with a 86.30 entry. Microsoft gapped up over 6% to a record high following its earnings report in late October. The tech titan's strong performance was driven by its cloud-computing business.

Shares dipped 0.35% to 82.49 Thursday. Microsoft tumbled 3.8% on Monday, but rebound in the next two sessions after finding support just above its 50-day moving average.

IBD'S TAKE : Did you miss this Microsoft breakout? Here are tips on finding the next tight base .

Delta Air Lines

The airline carrier is looking at a 54.16 entry from a cup-with-handle base, coming pennies within that price point on Monday but then pulling back.

Shares rose 2.1% to 53.41.

Delta reported strong November traffic figures on Monday. Southwest Airlines ( LUV ) raised unit revenue guidance  Thursday after reporting solid November traffic data. Southwest Airlines rallied to just out of buy range Thursday. American Airlines (AAL) also is near a buy point.

Changes are afoot in the airline industry: Delta, American Airlines and United Airlines (UAL) are increasingly looking to challenge their ultra-low-cost peers like Spirit Airlines (SAVE). Read all about it in our recent IBD Weekly cover story .

United Technologies

Fellow Dow component United Technologies is also approaching a buy point of 123.38 within a cup-with-handle base.

Shares rose 1% to 122.40. United Technologies retook its 50-day and 200-day lines at the end of November and has continued to climb.

Jet engine growth helped drive the diversified manufacturer's beat-and-raise third quarter in late October.

Jobs Report

Economists expect a 190,000 addition of nonfarm payrolls for November, on top of the prior month's 261,000 gain. The unemployment rate is expected to remain stable at 4.1%, a 17-year low. Take a look at the economic calendar for the full projections.


Defense And Aerospace Stocks To Watch And Industry News

Airline Stocks To Watch And Industry News

How To Invest In The Stock Market: Start With A Simple Routine

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: LMT , MSFT , UTX , DAL , LUV

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