May 31, 2013 at 12:10 PM EDT
Wall Street Fundamentals Releases New In-Depth Stock Reports on LLL, LMT, NOC and RTN
Defense contractors received a boost Thursday after Goldman Sachs upgraded the industry as a whole. Lockheed Martin Corp.,L-3 Communications Holdings Inc. and Northrop Grumman Corp. ratings were upgraded to a “buy”, while Raytheon Co. was upgraded to “neutral”.“While defense stocks have outperformed the market over the past three months from their February lows, the group has cumulatively underperformed the market by a very significant amount from the 2008 total investment spending peak,” Goldman’s Noah Poponak wrote in a note to clients. “Most known defense spending pressures are now largely priced in.”
L-3 Communications Holdings, Inc. (NYSE: LLL) shares traded in the range of $85.07 to $87.23 Thursday before settling to close at $86.60. The stock appears to be facing resistance at $87.34 with some support at $85.85. The company pays an annual dividend of $2.20 per share, $0.55 quarterly, for a dividend yield of roughly 2.55 percent. L-3 Communicationsshares are up approximately 13 percent in 2013.
More information on L-3 Communicationsand access to the free equity report can be found at: www.WallStreetFundamentals.com/LLL
Lockheed Martin Corporation (NYSE: LMT) shares traded in the range of $107.02 to $108.55 Thursday before settling to close at $107.03. The stock appears to be facing resistance at $107.13 with some support at $105.83. The company pays an annual dividend of $4.60 per share, $1.15 quarterly, for a dividend yield ofroughly 4.3 percent. Lockheed Martinshares are up approximately 16 percent in 2013.
More information onLockheed Martinand access to the free equity report can be found at: www.WallStreetFundamentals.com/LMT
Northrop Grumman Corporation (NYSE: NOC) shares traded in the range of $82.69 to $83.99 Thursday before settling to close at $83.49. The stock appears to be facing some resistance at $84.07 with strong support at $81.57. The company pays an annual dividend of $2.44 per share, $0.61 quarterly, for a dividend yield of roughly 2.9 percent. Northrop Grummanshares are up approximately 23.5 percent in 2013.
More information onNorthrop Grummanand access to the free equity report can be found at: www.WallStreetFundamentals.com/NOC
Raytheon Company (NYSE: RTN) shares traded in the range of $67.30 to $68.62 Thursday beforesettling to close at $67.33. The stock appears to be facing some resistance at $68.60 with support at $67.03. The company pays an annual dividend of $2.20 per share, $0.55 quarterly, for a dividend yield of roughly 3.25 percent. Raytheon shares are up approximately 17 percent in 2013.
More information onRaytheonand access to the free equity report can be found at: www.WallStreetFundamentals.com/RTN
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Disclaimer:Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Contact: Wall Street Fundamentals Website: www.WallStreetFundamentals.com
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