Long Position on ERJ @ $14.00 on 7/16/2021 (Momentum)

Embraer S.A. (ERJ) designs, develops, manufactures, and sells aircrafts and systems in Brazil, North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Defense and Security; Executive Jets; Service & Support; and Other segments.

The Defense and Security segment engages in the research, development, production, modification, and support for military defense and security aircraft, as well as offers a range of products and integrated solutions that include radars, special space systems (satellites), and information and communications systems, such as command, control, communications, computer, intelligence, surveillance, and reconnaissance systems.

The Executive Jets segment develops, produces, and sells executive jets. It also leases Legacy 600 and Legacy 650 executive jets in the super midsize and large categories; Legacy 450 and Legacy 500 executive jets in the midlight and midsize categories; Phenom family executive jets in the entry jet and light jet categories; Lineage 1000, an ultra-large executive jet; and Praetor 500 and Praetor 600, disruptive executive jets in the midsize and super midsize categories.

The Service & Support segment offers after-service solutions, support, and maintenance, repair, and overhaul services for commercial, executive, and defense aircraft; provides aircraft components and engines; and supplies steel and composite aviation structures to various aircraft manufacturers.

The Other segment is involved in the supply of fuel systems, structural parts, and mechanical and hydraulic systems; and production of agricultural crop-spraying aircraft.

The company was formerly known as Embraer-Empresa Brasileira de Aeronáutica S.A. and changed its name to Embraer S.A. in November 2010.

Please note, this stock reports earnings on July 29th.

ERJ recently won an order 30 E195-E2 jets and an option from Porter Airlines, which will total to $5.82 billion. The momentum of the order should send share prices higher.

Entry Point: $14.00

Stop Loss: $13.20

Trading Range: $3.96 - $16.97

Target Price: $15.40

Updates

7/30/2021 10:16:39 AM

closed at $15.50

Position closed on 7/30/2021 at price of $15.50 with a 10.71% gain in 14 days.

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