Here is a synopsis of all five stocks:
Moving ahead, the company expects healthy demand for irrigation equipment from farmers in the fourth quarter. Valmont is witnessing significant strength across the utility and irrigation markets.
The company expects to post double-digit earnings growth in 2012 despite the European slowdown. The outlook for irrigation equipment is strong while demand for Utility Support Structures is expected to rise. Healthy order activity and a growing backlog support expectations for a strong full-year 2012.
The company expects the first delivery of Boeing 737 MAX aircraft with Rockwell Collins’ flight displays in 2017. Boeing is currently producing 35 737 jets per month. The company plans to increase the production rate to 38 airplanes per month beginning in 2013 and 42 airplanes per month beginning in 2014. Currently, Boeing has more than 900 orders for the 737 MAX.
However, we expect growth of the business aviation market to be hampered by slower global economic recovery. The company presently retains a short-term Zacks #4 Rank (Sell). We have a long-term Neutral recommendation on the stock.
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SOURCE Zacks Investment Research, Inc.