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Precision Castparts is a winner

Posted Aug 14th 2009 5:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

The major revenue driver for Precision Castparts (NYSE: PCP) is up in the air, literally. Precision is a major maker of jet engine components, and although only modest growth is expected in the sector, due to moderating demand, PCP will benefit as production ramps-up in FY2010.

Therefore, I'm reiterating my Buy rating for Precision Castparts, first recommended on April 20, 2009 at a price of $61.92. If you purchased PCP at that time, you're up a nice 35%.

Continue reading Precision Castparts is a winner

United Technologies' services will be in demand awhile

Posted May 16th 2008 12:12PM by Joseph Lazzaro (RSS feed)
Filed under: United Technologies (UTX), Stocks to Buy

Readers of this space know that selected defense contractors are my preferred plays, growing U.S. economy or not. (But let's hope it's a growing U.S. economy). And the reason for the defense contractor bullishness is obvious enough. The geopolitical climate can change, of course, but it looks like defense, national security and anti-terrorism efforts will remain at the top of the U.S.'s concerns, for the foreseeable future.

Further, when one can combine a defense contractor with an industrial play, including commercial aviation, the potential exists for superior return on equity. And with the above in mind, United Technologies is worth a review.

United Technologies (NYSE: UTX) is one of those handful of stocks in which you can buy 200 shares or 50 shares for your child's college fund, and then look back on it in 10 years and be very glad you did.

Here are some attributes: Leadership position in high-value-add sectors, substantial defense contracts, infrastructure/capital improvement businesses, technological leadership, diversification and operational balance, economies of scale, massive amounts of engineering talent, long history of steady earnings growth and dividend growth. The Reuters F2008/F2009 EPS consensus estimates for UTX are $4.88/$5.45.

Continue reading United Technologies' services will be in demand awhile

United Technologies has appeal, rain or shine

Posted Nov 20th 2007 1:55PM by Joseph Lazzaro (RSS feed)
Filed under: Industry, Competitive strategy, United Technologies (UTX), Stocks to Buy

Bull market, or -- as has been the case recently -- not-so-bull-market, United Technologies (NYSE: UTX) remains an attractive play for all but the most conservative investors.

United Technologies is one of those handful of stocks where you can buy 200 shares or 50 shares for your child's college fund, then look back on it in 10 or 15 years and be very glad you did.

Here are some of UTX's more impressive attributes: leadership position in high-value-added sectors, substantial defense contracts, infrastructure/capital improvement businesses, technological leadership, diversification & operational balance, economies of scale, massive amounts of engineering talent, long history of steady earnings growth and dividend growth. The Reuters F2007/F2008 EPS consensus estimates for UTX are $4.26-4.85.

Continue reading United Technologies has appeal, rain or shine

Fly the Chinese Skies with GE Aviation

Posted Aug 25th 2006 11:40AM by Victoria Erhart (RSS feed)
Filed under: International markets, Deals, General Electric (GE), China

As all of China begins to gear up towards the 2008 Olympics, China Southern Airlines recently placed a quarter-billion dollar order with GE Aviation.

China Southern Airlines is expanding both its domestic and its international routes. It has signed financing and maintenance agreements with GE Aviation's OnPoint program for the purchase of the next generation of jet engines currently under development by GE Aviation.

China Southern Airlines already has 10 Boeing 787 wide-body Dreamliner aircrafts on order. The latest-generation technology jet engines from GE will be used to power the new 787s. GE Aviation has orders for more than 600 of the GEnx engines from both military and commercial customers. China Southern Airlines hopes to begin delivey of the newly equipped 787s in early 2008, in time for use during the Olympics.

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DJIA+30.6910,464.40
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S&P 500+4.981,110.63

Last updated: November 26, 2009: 06:36 PM

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