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StockPicking.com: Trading Alert Newsletter Reports on its Alert on General Dynamics

Thu. July 24, 2008; Posted: 09:57 AM
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Jul 24, 2008 (M2 PRESSWIRE via COMTEX) -- GD | Quote | Chart | News | PowerRating -- -- Yesterday, July 23, 2008 General Dynamics (NYSE: GD | Quote | Chart | News | PowerRating) reported Q2 EPS $1.60 versus consensus of $1.44 and reported Q2 revenue $7.3B versus consensus of $7.23B. The company's funded backlog grew by approximately $5.2 billion or 12.9 percent in the second quarter of 2008 and sees FY08 EPS $6.00-$6.05 versus consensus of $5.91.

The StockPicking.com trading newsletter reported that it alerted General Dynamics (NYSE: GD | Quote | Chart | News | PowerRating) to its subscribers earlier in the week at $84.51 a share. The stock rose to $89.41 a share later in the trading session after the newsletter's alert. A spokesperson for the newsletter stated, "General Dynamics is a strong company that will continue to benefit from government defense spending despite anything going on in the credit markets, economy, or political environment. We alerted the stock after it had pulled back approximately 15% since mid May."

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Known for its phenomenal results, the StockPicking.com online newsletter has been challenging traders and investors since 1998 to put them to the test with a 30 Day Free Trial. The newsletter states its success comes from finding a catalyst that will propel a stock higher, letting its winners run, and taking profits when the momentum or fundamentals change. The website can be reached at http://www.StockPicking.com for more information about their outstanding stock alert program and one month free trial.

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"I joined your service about 3 weeks ago and you sent me alerts on 7 stocks. Excellent calls. I trade daily on the computer and this is perfect for me. I normally don't hold stock for more than one day. I did your picks on paper just to see how I made out and I am ready to try on your next alert. I normally invest 100% of my money in a stock every day. So had I invested in each of your 7 picks, I would have $112,000.00 profit by just holding each stock until the next day. That's a 77% gain on my money in just one week. Unbelievable. Amazing. Thank you." D. Kohn

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StockPicking.com is not a registered broker/dealer and the newsletter's stock alerts are not a solicitation or recommendation to buy, sell or hold securities. StockPicking.com, its employees or affiliates are not compensated by the companies highlighted. The material in this release is intended to be strictly informational and is the sole opinion of StockPicking.com. These opinions may change at any time without notice. Although the information is believed to be correct, the accuracy or completeness of the information is not guaranteed or warranted. StockPicking.com disclaims any and all liability as to the completeness, accuracy or possible omissions of the information contained herein. Due to risk involved, investment or stock trading decisions should be discussed with a registered broker or financial adviser. StockPicking.com is not liable for any investment decisions made by its subscribers, trial subscribers or readers.

CONTACT: StockPicking.com e-mail: support@stockpicking.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

For full details on General Dynamics Corp (GD) click here. General Dynamics Corp (GD) has Short Term PowerRatings of 5. Details on General Dynamics Corp (GD) Short Term PowerRatings is available at This Link.

    


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