Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

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

Goldman still favors industrials over defense

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Cummins Inc. (CMI)
  • X
    Albemarle Corp. (ALB)

or Cancel Already have a watchlist? Log In

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 -2.02% , Albemarle /zigman2/quotes/200578017/composite ALB +0.50% , Potash , Dow Chemical /zigman2/quotes/203121064/composite DOW +1.93% , Schweitzer-Mauduit International /zigman2/quotes/208081440/composite SWM -1.73% , U.S. Steel /zigman2/quotes/200069642/composite X +1.48% , Chicago Bridge & Iron , Textron /zigman2/quotes/210490092/composite TXT -0.25% and Spirit Aerosystems /zigman2/quotes/205043289/composite SPR +1.81% . It added 3M /zigman2/quotes/205029460/composite MMM +0.40% 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 -3.16% 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 +1.54% 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 -2.98% to conviction sell from neutral on valuation.

/zigman2/quotes/208385233/composite
US : U.S.: NYSE
$ 257.68
-5.30 -2.02%
Volume: 892,562
March 2, 2021 4:02p
P/E Ratio
21.48
Dividend Yield
2.10%
Market Cap
$38.92 billion
Rev. per Employee
$342,603
loading...
/zigman2/quotes/200578017/composite
US : U.S.: NYSE
$ 153.72
+0.77 +0.50%
Volume: 1.32M
March 2, 2021 4:00p
P/E Ratio
43.69
Dividend Yield
1.01%
Market Cap
$17.84 billion
Rev. per Employee
$530,324
loading...
/zigman2/quotes/203121064/composite
US : U.S.: NYSE
$ 62.73
+1.19 +1.93%
Volume: 7.32M
March 2, 2021 4:00p
P/E Ratio
38.46
Dividend Yield
4.46%
Market Cap
$45.78 billion
Rev. per Employee
$1.08M
loading...
/zigman2/quotes/208081440/composite
US : U.S.: NYSE
$ 47.27
-0.83 -1.73%
Volume: 109,276
March 2, 2021 4:00p
P/E Ratio
17.78
Dividend Yield
3.72%
Market Cap
$1.51 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200069642/composite
US : U.S.: NYSE
$ 18.57
+0.27 +1.48%
Volume: 17.71M
March 2, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.22%
Market Cap
$4.80 billion
Rev. per Employee
$417,173
loading...
/zigman2/quotes/210490092/composite
US : U.S.: NYSE
$ 51.43
-0.13 -0.25%
Volume: 802,036
March 2, 2021 4:04p
P/E Ratio
38.22
Dividend Yield
0.16%
Market Cap
$11.67 billion
Rev. per Employee
$353,061
loading...
/zigman2/quotes/205043289/composite
US : U.S.: NYSE
$ 47.20
+0.84 +1.81%
Volume: 3.59M
March 2, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.08%
Market Cap
$4.89 billion
Rev. per Employee
$234,814
loading...
/zigman2/quotes/205029460/composite
US : U.S.: NYSE
$ 177.11
+0.70 +0.40%
Volume: 2.27M
March 2, 2021 4:02p
P/E Ratio
19.15
Dividend Yield
3.34%
Market Cap
$102.16 billion
Rev. per Employee
$338,825
loading...
/zigman2/quotes/208827848/composite
US : U.S.: NYSE
$ 336.59
-10.97 -3.16%
Volume: 591,069
March 2, 2021 4:03p
P/E Ratio
29.16
Dividend Yield
0.68%
Market Cap
$21.65 billion
Rev. per Employee
$543,667
loading...
/zigman2/quotes/200691238/composite
US : U.S.: NYSE
$ 338.59
+5.12 +1.54%
Volume: 2.08M
March 2, 2021 4:04p
P/E Ratio
13.94
Dividend Yield
3.07%
Market Cap
$93.41 billion
Rev. per Employee
$573,667
loading...
/zigman2/quotes/204620507/composite
US : U.S.: NYSE
$ 47.56
-1.46 -2.98%
Volume: 1.50M
March 2, 2021 4:00p
P/E Ratio
10.57
Dividend Yield
1.35%
Market Cap
$5.22 billion
Rev. per Employee
$619,556
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.