Posts for Ticker ‘LMT’

Top Analyst Upgrades (BHP, COH, HOG, MOT, RIMM, VALE, LMT)

These are the top analyst upgrades and positive research calls we have seen from Wall Street brokerage firms early this Tuesday morning:

BHP Billiton (BHP) Raised to Buy at UBS.
Coach (COH) Raised to Buy at BofA/Merrill Lynch.
Harley-Davidson (HOG) Raised to Outperform at William Blair.
Motorola (MOT) Raised to Outperform at Credit Suisse.
R-I-M (RIMM) Raised to Outperform at Credit Suisse.
Companhia Vale do Rio (VALE) Raised to Outperform at Credit Suisse.
Lockheed Martin (LMT) Raised to Buy at Citigroup.

JON C. OGG

Posted on: September 1, 2009 – 8:09 am in Analyst Calls, , , , , , ,

Analysts Upgrade Major Stocks (CSCO, INTC, KFT, LMT, SBUX, SY)

We have seen several impact calls from analysts this Wednesday morning.  These are major stocks which have been given positive research calls and upgrades.

Cisco Systems (CSCO) Raised to Outperform at Baird.
Intel (INTC) Raised to Outperform at JMP Securities.
Kraft Foods (KFT) Raised to Buy at Citigroup.
Lockheed Martin (LMT) Raised to Overweight at JPMorgan.
Stabucks (SBUX) Raised to Hold at Deutsche Bank.
Sybase (SY) Raised to Buy at Jefferies.

Jon C. Ogg
July 22, 2009

Posted on: July 22, 2009 – 6:20 am in Analyst Calls, Technology Companies, , , , , ,

Cybersecurity: Obama’s Next Big-Ticket Agenda Item

uncle sam

It’s taken a back seat to health care, but one of the next big agenda items for President Obama’s administration is cybersecurity, a priority that is becoming all the more clear following July 4 hacker attacks on the White House, the Pentagon and the New York Stock Exchange.

The Associated Press reports that the attack on U.S. and South Korean government agencies last week was even broader than first realized. Other agencies targeted by the malicious code included the National Security Agency, Homeland Security Department, State Department, the Federal Trader Commission, the Treasury, the Nasdaq stock market (Nasdaq:NDAQ) and The Washington Post (NYSE:WPO). Read More »

Posted on: July 8, 2009 – 12:33 pm in Defense, Editor's Picks, Software, , , , , , , , , ,

Top Analyst Upgrades (AGN, CHU, ENDP, FLR, GD, LMT, MDZ, NETL, NUVA, SGR)

These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Tuesday morning:

Allergan (AGN) Raised to Overweight at Thomas Weisel.
China Unicom (CHU) Raised to Buy at UBS.
Endo Pharmaceuticals (ENDP) Started as Overweight at Thomas Weisel.
Fluor (FLR) Started as Outperform at Baird.
General Dynamics (GD) Started as Outperform at Morgan Keegan.
Lockheed Martin (LMT) Started as Outperform at Morgan Keegan.
MDS Inc. (MDZ) Raised to Buy at Jefferies.
NetLogic (NETL) Raised to Buy at Piper Jaffray.
Nuvasive (NUVA) Raised to Buy at Needham.
Shaw Group (SGR) Started as Outperform at Baird.

JON C. OGG

Posted on: June 2, 2009 – 6:36 am in Analyst Calls, , , , , , , , , ,

Top Pre-Market Analyst Upgrades (MO, BBY, CFL, CEPH, GILD, LMT, TNDM, NOC, TLAB, MTN)

Money_stack_pic_2These are the top pre-market upgrades and positive analyst calls we have seen from Wall Street this Monday morning:

  • Altria (NYSE: MO) Raised to Overweight at JPMorgan.
  • Best Buy (NYSE: BBY) Raised to Buy at Piper Jaffray.
  • Brink’s Home Security (NYSE: CFL) Started as Outperform at Oppenheimer.
  • Cephalon (NASDAQ: CEPH) Started as Buy at Goldman Sachs.
  • Gilead (NASDAQ: GILD) Started as Buy at Merriman Curhan Ford.
  • Lockheed Martin (NYSE: LMT) Started as Buy at Societe Generale.
  • Neutral Tandem (NASDAQ: TNDM) Raised to Outperform at Baird.
  • Northrup Grumman (NYSE: NOC) Started as Buy at Societe Generale.
  • Tellabs (NASDAQ: TLAB) Raised to Overweight at Barclays.
  • Vail Resorts (NYSE: MTN) Raised to Outperform at Wachovia.

Jon C. Ogg
December 15, 2008

Posted on: December 15, 2008 – 7:52 am in Analyst Calls, , , , , , , , , ,

Major Industrial Earnings Surviving, But Not Thriving (MMM, CAT, LMT)

This morning there have been earnings reports from key industrial and defense stocks from the likes of 3M Co. (NYSE: MMM), Caterpillar Inc. (NYSE: CAT), and Lockheed Martin Corporation (NYSE: LMT).  These have all reported earnings that Wall Street appears to be digesting well.  None of these numbers are blow-out numbers, but they are also not indicative of the orders at major companies falling off of a cliff into the abyss.

Read More »

Posted on: October 21, 2008 – 7:16 am in Earnings, , ,

Tuesday’s Earnings Represent True Economy Strengths & Weakness (MMM, AAPL, CAT, DD, LMT, NSC, YHOO)

Tuesday is going to look like it is a true earnings bogey for the entire economy with major industrials and other companies which are representative of the strength or weakness of the entire economy.  We have earnings from 3M Co. (NYSE: MMM), Apple Inc. (NASDAQ: AAPL), Caterpillar (NYSE: CAT), DuPont (NYSE: DD), Lockheed Martin Corporation (NYSE: LMT), Norfolk Southern Corp. (NYSE: NSC), and Yahoo Inc. (NASDAQ: YHOO).  There are others reporting as well, but these below are the ones we have chosen to issue preview over.  Here we have given overall pull-backs from highs, detailed expectations, changes expected from last year, guidance expectations, and other individual metrics.

Read More »

Posted on: October 20, 2008 – 3:51 pm in Earnings, Economy, , , , , , ,

AmTech’s Favorite Defense & Infrastructure Fundamental Picks (FLR, LMT)

Amtech_logo_3There is an interesting report from research team over at American Technology Research called "Our Best Dozen Fundamental Picks" as earnings season is upon us.   The research firm noted that investors already expect a disaster in the earnings reports and the current business climate isn’t as bad as what investors are expecting.  While the firm believes that many companies will guide expectations lower or will be very cautious, this is their list of companies it expects to outperform peers.  We have included some very brief commentary from AmTech in its calls, and the two of their picks from large cap traditional companies are Fluor Corporation (NYSE: FLR) and Lockheed Martin Corporation (NYSE: LMT).

Read More »

Posted on: October 13, 2008 – 9:52 am in Analyst Calls, Defense, Infrastructure, ,

Ten Things To Do To Save Yourself In a Market Meltdown (AAPL)(GOOG)(SIRI)(MCD)(INTC)

AngrybearJim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can do to at least partially save themselves from a falling market and get in position if stocks move up again.

1. Sell your dogs. No matter how much an investor loves a stock, firms in the second or third tier of their industries are going to get hurt more. They will get hit by both a falling market and a recession. Some good examples are AMD (AMD), which runs a distant second to Intel (INTC). Yahoo! (YHOO), which is well behind Google (GOOG) in search is another company which will find the going especially tough. Palm (PALM) runs behind Apple (AAPL) and RIM (RIMM) in the smart phone industry. In an awful market, being in second place means being in last place.

Read More »

Posted on: October 8, 2008 – 10:14 am in Defensive Stocks, , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

War & Defense Earnings Galore (LMT, BA, GD, LLL, RTN, COL, CRDN)

This week is going to be the key earnings reporting week for companies tied to aerospace and defense sector stocks.  If there is one area that everyone is expecting to hold up, it is this one.  The recessionary climate has only just started and this one is supposed to be immune in the current environment.  Keep in mind that some of these companies have diversified away from being a pure war and defense sector, but these are still defense companies. 

On Tuesday we’ll get to see earnings out of Lockheed Martin Corporation (NYSE: LMT), and on Wednesday we’ll see results from Boeing Co. (NYSE: BA) and General Dynamics Corp. (NYSE: GD). Then on Thursday, we’ll see results from L-3 Communications Holdings Inc. (NYSE: LLL), Raytheon Co. (NYSE: RTN), and also from Rockwell Collins Inc. (NYSE: COL).  Ceradyne Inc. (NASDAQ: CRDN) is on the docket for Friday. 

The full previews can be seen as follows:

Read More »

Posted on: April 21, 2008 – 12:56 pm in Defense, Earnings, , , , , , ,

Goldman Sachs Dumps GE for Lockheed (LMT, GE)

This morning, Goldman Sachs has made a key call to its industrials sector.  It is adding Lockheed Martin (NYSE: LMT) to its Industrials Favorite Value List.  Goldman Sachs notes the nature of defense stocks versus industrials in a recession, expectations for a solid earnings report next week, current prices representing a solid entry point.  The firm also believes that Lockheed martin is the cheapest of the large cap defense stocks, and its $122 target implies a 20% upside in the stock at current levels.

While removing General Electric Co. (NYSE: GE) from this list is post-event, it’s really hard to argue with the level of disappointment and game-changer that its earnings miss and earnings warning posed on Friday.  GE is noted as pointing to soft healthcare equipment spending as well.

We noted this on our "Top 10 Pre-Market Calls" as well, but General Electric was downgraded to Perform from Outperform at Oppenheimer it was also downgraded to Peer Perform from outperform at Bear Stearns.

Jon C. Ogg
April 14, 2008

Posted on: April 14, 2008 – 6:25 am in Analyst Calls, Conglomerates, Defense, ,

Pre-Market Stock News (January 24, 2008)

We are full blown into earnings season now.  These are not all of the stocks in the news, but this is a good portion of the news in individual stocks for traders to review this morning:

  • Annaly Capital Management, Inc. (NLY) priced its secondary of 51,000,000 shares of common stock at $19.25 per share.
  • AT&T (T) $0.71 EPS vs. $0.71 estimate; new share buyback plan of up to 400 million shares.
  • Becton Dickinson (BDX) $1.07 EPS vs $1.04 estimate; raised guidance before charges.
  • Cabot Micro (CCMP) $0.51 EPS vs $0.47 estimate.
  • Cubist Pharmaceuticals (CBST) shares rose another 7% to $21.72 after beating earnings and raising guidance.
  • Danaher (DHR) $1.12 EPS vs. $1.12 estimate.
  • DuPont (DD) noted as strong value without earnings risk according to Cramer on CNBC’s Mad Money.
  • eBay (EBAY) shares fell over 5% after beating earnings but lowering guidance; Meg Whitman retires as CEO but stays on board.
  • F5 Networks (FFIV) shares rose almost 20% after beating earnings.
  • Ford (F) -$0.20 EPS vs. -$0.19 estimates; CEO will be on CNBC at 12:15 PM EST.
  • IBM (IBM) noted as strong value without earnings risk according to Cramer on CNBC’s Mad Money.
  • Lennar (LEN) -$0.42 EPS vs, -$1.61 est.; but losses were before -$7.50 per shares in charges; sees 2008 continuing weakness.
  • Lockheed Martin (LMT) $1.89 EPS vs. $1.69 estimate; sees 2008 EPS $7.05 to $7.25 vs. prior guidance $6.19 to $7.15 and vs. $7.29 estimate.
  • Microsoft (MSFT) reports earnings after the close today with estimates at $0.46 EPS on revenues of $15.94 Billion.
  • Napster (NAPS) msic rental service is now available to NTT DoCoMo subscribers.
  • Netflix (NFLX) earnings were above plan and guidance was too; shares indicated up slightly.
  • Nokia (NOK) announced its market share rose to 40% and posted a 57% gain in earnings overseas.
  • Plexus Corp. (PLXS) raised guidance to $0.46 to $0.51 EPS on revenues of $440 million to $460 million, compared to estimates of $0.42 & almost $430 million;shares rose 8.3% to $21.50 in after-hours trading.
  • Polycom (PLCM) posted $0.42 EPS on revenues of $263.3 million vs. estimates of $0.39 & $252.5 million; shares rose some 7.7% to $24.00.
  • Potash (POT) announced it would repurchase up to 5% of its outstanding shares.
  • Qualcomm (QCOM) posted $0.46 EPS and non-GAAP EPS at $0.52 EPS on $2.44 Billion in revenues.  Estimates were $0.53 EPS on revenues of $2.41 Billion, 6% to $38.90 after-hours.
  • Symantec (SYMC) beat earnings; raised guidance; shares rose 8.5% at $16.55.
  • THQ (THQI) traded down 8% after disclosing net profit drops on charges from discontinued titles.
  • Trimble Navigation (TRMB) shares rose 15% at $27.45 after raising current guidance and reaffirming 2008 revenues.
  • Western Digital (WDC)  $1.35 EPS vs. $1.04 estimate; sees next quarter $0.85 to $0.91 EPS  & $2 Billion revenues vs. estimates of $0.80 & $1.9 Billion; shares rose by almost 7%.
  • World Acceptance (WRLD) $0.54 EPS vs. $0.46 estimates.
  • Xerox (XRX) $0.41 EPS vs $0.41 estimate; sees next quarter $0.25 to $0.28 vs. $0.28 estimate; sees 2008 $1.31 to $1.35 EPS versus $1.31 estimates.

Jon C. Ogg
January 24, 2008

Posted on: January 24, 2008 – 7:50 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , , , , , ,

Lockheed Martin (LMT) Makes Wall St. Happy

Shares of Lockheed Martin (LMT) are already rising before the bell. The company reported third quarter 2007 net earnings of $766 million ($1.80 per diluted share), compared to $629 million ($1.46 per diluted share) in 2006. Net sales were $11.1 billion, a 16% increase over third quarter 2006 sales of $9.6 billion

"In the third quarter we achieved double-digit growth in sales and operating earnings for every business segment, as well as double digit EPS growth for the corporation." said Bob Stevens, Lockheed Martin Chairman, President and CEO.

The company raised its expecations for full-year earnings and EPS

Douglas A. McIntyre

Posted on: October 23, 2007 – 6:43 am in Uncategorized,

Pre-Market Analyst Calls (September 18, 2007)

CAM cut to Mkt Perform at Wachovia.
CYPB started as Buy at Citigroup.
DMAN started as Outperform at Credit Suisse.
ENB raised to Outperform at CIBC.
ERTS started as Buy at Goldman Sachs.
ETFC cut to Neutral at Goldman Sachs.
FMC cut to Underperform at Wachovia.
GET started as Buy at Jefferies.
GM cut to Neutral at Goldman Sachs.
HHS cut to Underweight at JPMorgan.
ITW cut to Hold at BB&T.
KWD cut to Neutral at First Albany.
LCAPA started as Outperform at Wachovia.
LMT raised to Buy at Merrill Lynch.
MEND cut to Sector Perform at CIBC.
MYGN started as Hold at Citigroup.
NCI cut to Neutral at Merrill Lynch.
NLY started as Buy at JMP Securities.
ONNN raised to Outperform at Wachovia.
PETD started as Buy at Sun Trust Robinson Humphrey.
RRR raised to Overweight at Lehman.
SRVY raised to Overweight at Lehman.
SSL cut to Neutral at UBS.
VC raised to Neutral at Goldman Sachs.
WBD cut to Neutral at Credit Suisse.
WX started as Neutral at JPMorgan.

Jon C. Ogg
September 18, 2007

Posted on: September 18, 2007 – 7:07 am in Analyst Calls, , , , , , , , , , , , , , , , , , , ,

Cramer’s War & Defense Stock Pick (LMT, GD, LLL, NOC, LMT)

On tonight’s MAD MONEY on CNBC, Jim Cramer was visiting the USC Campus in Los Angeles and he said Northrup Grumman (NYSE:NOC) is a defense stock that is a growth stock that was sold off without the right reasons.  The analysts are almost all HOLD rated on this even though they like the sector.  13% growth and a 14 P/E ratio is better than good for Cramer.  Cramer likes all the other defense stocks, but he thinks Northrup is so darn cheap that it has to go higher.  This also traded higher today, along with Raytheon (NYSE:RTN).  He thinks it has been trading like a homebuilder or a lender.  He thinks it is very undervalued with the potential for accelerated growth.

Cramer did say he likes L-3 (NYSE:LLL), General Dynamics (NYSE:GD), Lockheed Martin (NYSE:LMT) and other defense sectors.  But "NOC" is his pick and he said "it’s so cheap, it has to go higher."

Jon C. Ogg
September 7, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: September 7, 2007 – 5:15 pm in Defense, , , , ,

Cramer Goes To War (LMT, ATK, RTN)

On tonight’s MAD MONEY on CNBC, Jim Cramer said that he thinks defense and aerospace is becoming the seventh bull market.  He thinks that the recent huge contract to Saudi Arabia for military orders will be a big win.  Saudi Arabia gets $20 Billion in defense and over $30 Billion is being granted to Israel in US defense grants.  Cramer also thinks Democrats would spend a lot on defense to look strong and we spend more than anyone else by far for defense.  Cramer gave Lockheed Martin (NYSE:LMT) last week.  He’s got two more great US defense contractor plays for the sector:

The first play is Alliant Tech (NYSE:ATK) as the largest bullet manufacturer and is in big into projectiles of all sorts.  He thinks it is cheap at 1.3-times growth and he thinks numbers could come up with an upside surprise because of its share buyback plan.  This reports Thursday, so Cramer noted to only put on a half position so you don’t have the earnings exposure as bad.  Alliant was my number one defense stock for the BAIT SHOP in takeover candidates (see post here), although I haven’t updated that position in a while.

Cramer’s favorite defense play is Raytheon (NYSE:RTN) because it is the most leveraged name to defense spending, and because it is the cheapest according to his growth rate over P/E analysis.  He isn’t looking for a buyout or anything, but it won two big contracts in June that will help with visibility.  It also raised fiscal guidance and has a great balance sheet with debt retirement and share buybacks.

Jon C. Ogg
July 31, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 31, 2007 – 5:52 pm in Cramer, Defense, , , , , , ,

Top 10 Earnings Next Monday & Tuesday (July 23 & 24, 2007)

Stock Tickers: AXP, AMZN, BIIB, BNI, CME, DD, HAL, LMT, MRK, PEP, T

These may not be the ONLY important earnings, but we wanted to hit most of the major earnings.  It is hard to break-out this few when there are more than 160 S&P 500 Index companies reporting quarterly results next week alone.  Keep in mind that these estimates could have changed (an may change still) and the dates could move on any of these.  We have broken these out with the earnings per share estimate and then the revenue estimate for each of these top stocks.  So it’s a TOP 11 rather than a TOP 10

MONDAY JULY 23
American Express (AXP)                     $0.86/$7.5B
Highest credit quality out of all non-bank assets in the country.  If credit dwindles here you could see even more credit quality concerns on Wall Street.

Halliburton (HAL)                                 $0.56/$3.5B
King Hal, one of Cramer’s TOP 9 FOR 2007.

Merck (MRK)                                         $0.72/$5.77B
Does this run the market anymore? NO.  But at a $107 Billion market cap and 60,000 workers it gets perpetual attention.

TUESDAY JULY 24

Amazon.Com (AMZN)                             $0.15/$2.81B
Major retailer now, bigger than top book (B&N) and electronics (Best Buy) brick and mortar operators combined with a $29 Billion market cap:

AT&T (T)                                                     $0.67/$29.6B
iPhone…telecom is back, who said the Bells couldn’t be reunited…and who said the old telecom utility is dead after re-mergers galore?

Biogen-Idec (BIIB)                                     $0.63/$759.75M
Check on status of buyback; may yet again boil down to its own Tysabri; could effect Elan and Genentech depending on each drug commentary.  Fifth largest biotech in U.S.

Burlington Northern Santa Fe (BNI)         $1.22/$3.85B
Another look into strength of rail and other shipping in U.S.

Chicago Mercantile (CME)                         $3.67/$331.75M
How will this look ahead now that the CBOT is finally united with its step-brother?  Keep in mind these earnings and revenues may be very different now and ahead since the unification.

DuPont (DD)                                                  $1.06/$7.85B
Another good measure of the U.S. economy….hopefully.

Lockheed Martin (LMT)                                 $1.53/$10.25B
Major defense contractor close to highs.

Pepsico (PEP)                                                 $0.89/$9.35B
Coke already reported, but let’s see if Pepsi can claim the investor taste test.

Jon C. Ogg
July 20, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 20, 2007 – 11:16 am in Calendar, , , , , , , , , , ,