General Dynamics exceeded sales and earnings estimates, with a $3.74-per-share profit on $13 billion in Q2 sales, up 8.9% year over year. The stock rose 6.1% to $103.7 billion backlog, strong cash flow, and projected 9% annual earnings growth. However, stock valuation at over $80 billion may be too high. Wait for better prices.

Read more at Yahoo Finance: Why General Dynamics Stock Popped Today