Being the Pentagon’s prime contractor, Lockheed Martin offers a diverse portfolio of global aerospace, defense, security and advanced technologies. Its leveraged presence in the Army, Air Force, Navy and IT programs guarantees a steady inflow of follow-on orders, not only from the U.S. government but also from many foreign allies of the nation.
Many analysts expect the company to beat earnings expectations and increase 2022 guidance, to go along with very solid cash flow numbers for 2022 to 2023.
Investors receive a 2.64% dividend. The $522 Morgan Stanley price objective is well above the $461.28 consensus target. Lockheed Martin stock ended Monday at $423.86 a share.
Newmont
This is one of the largest mining companies and a solid buy for investors who are more conservative and looking to own gold. Newmont Corp. (NYSE: NEM) is engaged in the production of gold.
Its North America segment consists primarily of Carlin, Phoenix, Twin Creeks and Long Canyon in Nevada and Cripple Creek and Victor in Colorado. The South America segment consists primarily of Yanacocha in Peru and Merian in Suriname. The Australia segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Africa segment consists primarily of Ahafo and Akyem in Ghana.
Newmont stock comes with a 4.91% dividend. The BofA Securities price objective is $70, but the consensus target is up at $115.20 for now. Monday’s close was at $44.78 a share.
Raytheon Technologies
This company has a diversified mix of business, its stock has traded sideways since April and is offering superb value at current levels. Raytheon Technologies Corp. (NYSE: RTX) is an industry leader in defense, government electronics, space, information technology and technical services.
With a history of innovation spanning 97 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries.
In 2020, United Technologies and Raytheon agreed to merge their businesses to create this new aerospace and defense powerhouse. The two-year-old merger, combined with the spin-off of the Carrier and Otis divisions in 2020, has top analysts across Wall Street expecting free cash flow to step up in a big way this year. Toss in the solid recovery in air travel and improving sentiment that could help drive the commercial aerospace business.
Shareholders receive a 2.41% dividend. The Raytheon Technologies stock price target at BofA Securities is $120. The consensus target is $111, and $91.20 was the closing share price on Monday.
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