Cyber assurance for government mission accomplishment

Government Cyber Assurance

Subscribe to Government Cyber Assurance: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Government Cyber Assurance: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Cyber Authors: Elizabeth White, Liz McMillan, Kevin Jackson, Pat Romanski

Related Topics: Twitter on Ulitzer, Government News, Facebook on Ulitzer, Aerospace Journal, Government Cyber Assurance

News Feed Item

The Zacks Analyst Blog Highlights:Lockheed Martin, Northrop Grumman, General Dynamics, Boeing and Raytheon

CHICAGO, July 30, 2014 /PRNewswire/ -- announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Lockheed Martin Corp. (NYSE:LMT-Free Report), Northrop Grumman Corp. (NYSE:NOC-Free Report), General Dynamics Corp. (NYSE:GD-Free Report), Boeing Company (NYSE:BA-Free Report)  and Raytheon Co. (NYSE:RTN-Free Report). " border="0" alt="Zacks Investment Research, Inc., " align="middle" src=""/>

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Tuesday's Analyst Blog:

Defense Players Boost Guidance

Over the last five trading sessions, second-quarter results from the defense primes have grabbed the headlines. Although the defense contractors witnessed lower revenues in the quarter, the picture was overall reassuring with a number of earnings beats. There was also some improvement on the guidance front. Yet, most of the big defense stocks closed in the red over the last five trading sessions.

(Read the last recap here: Defense Stock Roundup for Jul 22, 2014).

Iraq Update

The U.S. has boosted its surveillance efforts and has sent more military advisers to Iraq. According to the Pentagon, 20 more military advisers recently arrived in Iraq. This brought the total U.S. military personnel there to 825.

Pentagon officials are worried about the continued threat that the extremist group poses to the security of U.S. personnel and associates. The officials insisted that the Islamic State in Iraq and Syria (ISIS) is not just a group but a "full-blown army." Simply military support will not just do to address the instability in Iraq. The creation of a new Iraqi government would be the key to reducing ISIS' strength. The U.S. is also conducting a study of a likelihood of drone strikes in Iraq.

U.S. officials are all in favor of a new government that will reject exclusionist policies that Washington believes have stirred dissent under Prime Minister Nouri al-Maliki.

Meanwhile, the Iraqi ambassador Lukman Faily lamented that Washington was sending mixed signals to Baghdad regarding its true intentions of military support.

Pentagon's top priorities in Iraq have been to enhance U.S. intelligence, support the formation of a new government and help Iraqi forces to hold back the ISIS.

Recap of the Week's Most Important Stories

1. Pentagon's prime contractor and the world's largest defense company, Lockheed Martin Corp. (NYSE:LMT-Free Report) reported a forecast-beating 4.5% rise in second-quarter 2014 earnings per share, backed by strong operational performance. The company raised its 2014 earnings guidance, reflecting lower pension costs and an improved outlook for its space unit (read more: Lockheed Martin Beats on Q2 Earnings and Sales, Boosts View).

2. Northrop Grumman Corp. (NYSE:NOC-Free Report) reported higher profits in the second quarter despite missing analyst expectations. The company also raised its earnings guidance for the year, with international sales expected to reach 13% of total sales, up from 10% in 2013. The growth will likely come from unmanned aerial vehicles and cybersecurity work (read more: Northrop Grumman Misses on Q2 Earnings yet Guides Higher).

3. Pentagon's No. 3 contractor, General Dynamics Corp. (NYSE:GD-Free Report) reported better-than-expected second quarter earnings. Yet, its revenues fell 4.6% in the quarter, missing the Street expectation. The company's aerospace division, which manufactures the commercial Gulfstream jet, experienced a sales decline of 2.8%.

Nonetheless, the company expects orders for Gulfstream jets to remain robust through the year. The company increased its overall profit outlook for the year to $7.40 to $7.45 per share from its earlier forecast of $7.05 to $7.10 per share. The company's cost cutting initiatives spurred profitability even as defense spending by the U.S. government remained low (read more: General Dynamics Beats Q2 Earnings Estimates on Cost Control).

4. The Boeing Company (NYSE:BA-Free Report) delivered upbeat second quarter 2014 results backed by robust deliveries and soaring profits (up 45% year over year). Moreover, Boeing raised its full-year 2014 earnings outlook (read more: Boeing Q2 Earnings Beat Comes on Higher Deliveries, Ups View).

5. Although the world's largest missile manufacturer Raytheon Co. (NYSE:RTN-Free Report) met the earnings consensus, its top line came above the Street estimate. Revenues nonetheless took a beating year over year in a budget-constrained U.S. defense market (read more: Raytheon Company Meets Q2 Earnings Estimates, Reaffirms View).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on LMT - FREE

Get the full Report on NOC - FREE

Get the full Report on GD - FREE

Get the full Report on BA - FREE

Get the full Report on RTN - FREE

Follow us on Twitter:

Join us on Facebook:

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

Logo -

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.