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
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
