Shares of Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) soared more than 12% Tuesday after the maker of rocket motors landed two contracts with an estimated aggregate value of $1.4 billion.
And we believe there’s lots more to come.
We first recommended Aerojet at $11.40 a share back in February 2013, when it was still known as GenCorp Inc. That was just months after GenCorp had inked a $550 million deal to buy the Pratt & Whitney Rocketdyne unit from United Technologies Corp. (NYSE: UTX).
In our view, GenCorp’s stock was akin to a coiled spring. And when it was released – ignited by an outside catalyst or investors finally recognizing its potential – we said GenCorp could double.
That’s just what happened.
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Shah Gilani is the Event Trading Specialist for Money Map Press. He provides specific trading recommendations in Capital Wave Forecast, where he predicts gigantic "waves" of money forming and shows you how to play them for the biggest gains. In Short-Side Fortunes, Shah shows the "little guy" how to make massive size gains – sometimes in a single day – by flipping large asset classes like stocks, bonds, commodities, ETFs and more. He also writes our most talked-about publication, Wall Street Insights & Indictments, where he reveals how Wall Street's high-stakes game is really played.