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Jan. 6, 2010, 7:23 a.m. EST

Goldman still favors industrials over defense

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By Steve Goldstein

LONDON (MarketWatch) -- Goldman Sachs said it's still recommending a pro-cyclical stance across industrials and basic materials companies it covers. Top ideas are Cummins Engine /zigman2/quotes/208385233/composite CMI -1.39% , Albemarle /zigman2/quotes/200578017/composite ALB +0.64% , Potash , Dow Chemical /zigman2/quotes/203121064/composite DOW +0.34% , Schweitzer-Mauduit International /zigman2/quotes/208081440/composite SWM -1.57% , U.S. Steel /zigman2/quotes/200069642/composite X -3.66% , Chicago Bridge & Iron , Textron /zigman2/quotes/210490092/composite TXT -2.09% and Spirit Aerosystems /zigman2/quotes/205043289/composite SPR -1.62% . It added 3M /zigman2/quotes/205029460/composite MMM +0.97% to its conviction buy list on hopes for a turn in U.S. residential construction and potential for accretive M&A, and added Martin Marietta Materials /zigman2/quotes/208827848/composite MLM -0.67% to conviction buy on its bullish view of the U.S. construction sector, while it's still cautious on defense, and cut Lockheed Martin /zigman2/quotes/200691238/composite LMT -0.82% to conviction sell from neutral on high platform exposure and potential delays in the joint strike fighter program and Louisiana-Pacific /zigman2/quotes/204620507/composite LPX +0.97% to conviction sell from neutral on valuation.

/zigman2/quotes/208385233/composite
US : U.S.: NYSE
$ 210.23
-2.97 -1.39%
Volume: 842,655
Aug. 13, 2020 4:02p
P/E Ratio
18.74
Dividend Yield
2.49%
Market Cap
$31.48 billion
Rev. per Employee
$379,668
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/zigman2/quotes/200578017/composite
US : U.S.: NYSE
$ 91.60
+0.58 +0.64%
Volume: 1.01M
Aug. 13, 2020 4:00p
P/E Ratio
22.24
Dividend Yield
1.68%
Market Cap
$9.68 billion
Rev. per Employee
$572,025
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/zigman2/quotes/203121064/composite
US : U.S.: NYSE
$ 44.43
+0.15 +0.34%
Volume: 2.76M
Aug. 13, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
6.30%
Market Cap
$32.82 billion
Rev. per Employee
N/A
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/zigman2/quotes/208081440/composite
US : U.S.: NYSE
$ 33.77
-0.54 -1.57%
Volume: 121,409
Aug. 13, 2020 4:00p
P/E Ratio
11.47
Dividend Yield
5.21%
Market Cap
$1.08 billion
Rev. per Employee
$297,286
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/zigman2/quotes/200069642/composite
US : U.S.: NYSE
$ 7.64
-0.29 -3.66%
Volume: 6.84M
Aug. 13, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.52%
Market Cap
$1.75 billion
Rev. per Employee
$489,379
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/zigman2/quotes/210490092/composite
US : U.S.: NYSE
$ 37.39
-0.80 -2.09%
Volume: 727,428
Aug. 13, 2020 4:04p
P/E Ratio
22.89
Dividend Yield
0.21%
Market Cap
$8.71 billion
Rev. per Employee
$399,200
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/zigman2/quotes/205043289/composite
US : U.S.: NYSE
$ 21.84
-0.36 -1.62%
Volume: 4.99M
Aug. 13, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.18%
Market Cap
$2.34 billion
Rev. per Employee
$424,824
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/zigman2/quotes/205029460/composite
US : U.S.: NYSE
$ 165.86
+1.60 +0.97%
Volume: 2.87M
Aug. 13, 2020 4:03p
P/E Ratio
18.80
Dividend Yield
3.55%
Market Cap
$94.62 billion
Rev. per Employee
$350,368
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/zigman2/quotes/208827848/composite
US : U.S.: NYSE
$ 219.63
-1.49 -0.67%
Volume: 400,563
Aug. 13, 2020 4:03p
P/E Ratio
22.06
Dividend Yield
1.00%
Market Cap
$13.77 billion
Rev. per Employee
$487,063
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/zigman2/quotes/200691238/composite
US : U.S.: NYSE
$ 389.24
-3.20 -0.82%
Volume: 1.02M
Aug. 13, 2020 4:03p
P/E Ratio
17.06
Dividend Yield
2.47%
Market Cap
$109.70 billion
Rev. per Employee
$512,019
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/zigman2/quotes/204620507/composite
US : U.S.: NYSE
$ 31.89
+0.31 +0.97%
Volume: 1.29M
Aug. 13, 2020 4:00p
P/E Ratio
203.12
Dividend Yield
1.82%
Market Cap
$3.56 billion
Rev. per Employee
$577,143
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