LLL: Strong Buy

Trading $73.85 this morning off the opening.

 

good...

due-diligence so important

 

Now trading 74.25 just forty-five minutes into the session on NO news!

 

L-3 Comm-LLL initiated with an Outperform at Morgan Keegan

is that today?

 

LLL now trading $74.00 today.
+$1.74

 

LLL closed at $75.76 today up another $1.98 for the move.

 

And the surge continues . . . +$1.56 today to $77.32

Up 10% since last Tuesday.

 

Powering higher today in a "soft" market atmosphere before the weekend.

+$2.50 to $78.54

 

Close: $78.72

Looks like people are finally figuring out that defense spending is a great way to create jobs and STIMULATE the Economy.

The entire defense sector was on fire today!

LMT stated that a fully-funded F/22 Raptor program would create 95,000 jobs.

 

Earnings due out Thursday.
Might even see CEO Strianese on CNBC too.
Maybe he'll bring along L-3's encrypted version of the BlackBerry. Very cool!

SG Cowen's Cai von Rumohr looking for $1.87 for Q4.