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Monday October 19, 2009

DrStockPick.com Stock Report!

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Prudential Annuities has won two top awards in the Boomer Market Advisor Readers’ Choice Awards. This is the fifth consecutive year one of Prudential Annuities’ living benefits has been recognized as “best in class.” Prudential Financial Inc.’s (NYSE:PRU) domestic annuity business also earned a first-time award for its service and support to advisors.

Lockheed Martin Corp. (NYSE: LMT) received an $827.4 million contract from the Air Force for advanced funding for 11 variants of the C-130J, a military

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Before the markets opened today, the Big Daddy among defense contractors, Lockheed Martin Corporation (LMT) reported second quarter earnings of $734 million or EPS of $1.88, as compared to earnings of $882 million or EPS of $2.15 in the year-ago quarter. Although EPS fell by $0.27 year-over-year, $0.19 is attributed to pension adjustments. Pension accounting adjustment negated $115 million from the quarter while in the year-ago quarter this adjustment added $32 million to earnings. The spike in pension liability was due to the lower value of the company retiree fund. However, the results still beat the consensus EPS estimate of $1.81 by a wide margin. On the revenue front, with $11.2 billion the company beat the year-ago result of $11 billion. This was in line with the consensus estimate of $11.14 billion.   The downside in EPS year-over-year came from higher pension liability coupled with lower earnings year-over-year ...