Troy Lahr, a defense and aerospace analyst at Stifel, Nicolaus, was named The Wall Street Journal’s “Master Stock Picker” for the sector in 2006. On “Power Lunch” Tuesday, Lahr offered market insights -- and his favorite stocks.
JPMorgan Chase, Jones Soda, Volcano, Monster Worldwide and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The SEC said that former officials of Raytheon would pay $1.5 million to settle accusations of improper accounting practices involving the company's commercial aircraft manufacturing subsidiary.
Lockheed Martin and Northrop Grumman reported sharp increases in fourth-quarter profit on Thursday and raised full-year forecasts, as two of the world's largest defense contractors capitalized on the continuing boom in U.S. military spending.
The company, which makes Abrams tanks and Stryker combat vehicles for the U.S. Army as well as Gulfstream jets, reported net profit of $408 million, or $1 a share, compared with $406 million, or $1 a share, a year earlier.
More than 1,000 machinists will return to work at Raytheon Missile Systems next week after a 70-day strike, the company said Sunday.
The U.S. government spent some $30 billion on the defense in 2006--and that helped make stocks in the sector quite valuable to investors. As we look into 2007, the question about how defense stocks will do this year was a topic on "Morning Call" (we had viewer email submissions). The question may be even more important as the Democrats take control of Congress.
The flow of corporate news is likely to start waning today ahead of what could be a quiet session tomorrow. Making headlines today will be the Philadelphia Fed when its survey is released at noon. Our Steve Liesman will cover all the news from Philly on Power Lunch. Other data this morning includes leading economic indicators and final Q3 GDP but a big focus in our coverage will be the third and final CNBC holiday central survey. Liesman will dissect the findings and tell us what the surprising latest survey says about the consumer, economy and retailers this holiday season.
Defense contractor Raytheon said Thursday it will sell its aircraft business for $3.3 billion to Hawker Beechcraft, a new company formed by GS Capital Partners.