ITT Corporation (ITT) reported third quarter 2009 net income from continuing operations of $190 million or $1.03 per share, exceeding the Zacks Consensus Estimate of 89 cents.   The results included the effects of improved operating performance primarily driven by productivity initiatives. Revenue for the quarter was $2.7 billion, down 6% year-over-year and down 4% excluding the impact of foreign exchange and acquisitions on a comparable basis.   In the Defense Electronics & Services segment, revenue of $1.57 billion was up 2% over the comparable period in 2008. The segment recorded growth in revenues at every value center, except for the Communications Systems division, where the expected reduction in domestic SINCGARS radio deliveries resulted in a negative comparison.

In Fluid Technology, third quarter 2009 revenue was $826 million, down 13% year-over-year and 10% organically. Results outperformed expectations, despite challenged industrial, municipal and residential market conditions.

In Motion & Flow Control,

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OVERVIEW Inherently, big defense contractors are expected to eliminate jobs as the Pentagon has lowered spending on traditional weapon systems, while smaller, niche companies may accelerate hiring as the United States garners resources to protect ground troops and strategic computer networks. Industry pioneer Lockheed Martin Corporation (LMT) aims to reduce 600 jobs as a result of the US Defense Department's decision to terminate the VH-71 presidential helicopter program. The Boeing Company (BA) hinted that Pentagon cuts would claim 1,000 jobs in its defense business, affecting staffing at various work sites in the United States in missile defense and in the Army's Future Combat Systems modernization program, which is now being opened to more competition. The large commercial aircraft sector is expected to generate most of its revenue from Asia Pacific Japan (APJ) and the Middle East, relying less on U.S. orders because of the ...

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Wednesday October 28, 2009

DrStockPick.com Stock Report!

CSRH, EXC, PSFT, DB, PWRM, AVP, AQNM, RF, CVAT, LMT

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EXC, Exelon Corp.

EXC, a utility services holding company, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to residential, commercial, industrial, and wholesale customers in northern Illinois.

The Board of Directors of EXC declared a regular quarterly dividend of $0.525 per share on Exelon’s common stock. The dividend is payable on December 10, 2009, to shareholders of record of Exelon at 5:00 p.m. New York Time on November 13, 2009.

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PSFT, Powersafe Technology Corp., PSFT.PK

PSFT subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com)

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Tuesday October 27, 2009

DrStockPick.com Stock Report!

PWRM, LMT, CVAT, GD, AQNM, IBM

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets. Power3’s patent-pending technologies are being used to develop screening and diagnostic tests for the early detection and prognosis of disease, identify protein biomarkers, and drug targets. Diagnostic tests are targeted toward markets with critical unmet needs in areas including neurodegenerative disease (NuroPro) and breast cancer (BC-SeraPro). Power3 expects to

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For Immediate Release

Chicago, IL – October 21, 2009 – Zacks Equity Research highlights Vodafone (VOD) as the Bull of the Day and Conmed Corp. (CNMD) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Caterpillar Inc. (CAT), Coca Cola Company (KO) and Lockheed Martin Corporation (LMT).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676

Here is a synopsis of all five stocks:

Bull of the Day:

We maintain our Outperform recommendation for Vodafone (VOD), the largest revenue generating international wireless carrier. Revenue growth in the last quarter was fuelled by foreign exchange gains and acquisitions.

Additionally, increase in subscriber base was driven by continued healthy net additions in its Indian operation. Vodafone's globally diversified operation provides hedging elements which offset price competition and translation risk that may arise in specific markets. The company continues

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Before markets opened today, the Big Daddy among Defense contractors, Lockheed Martin Corporation (LMT), reported strong third quarter fiscal 2009 results and raised its fiscal outlook. In the reported quarter with EPS of $2.07, the company beat both the Zacks Consensus Estimate and the year-ago EPS of $1.83 and $1.92, respectively. Net earnings rose to $797 million in the reported quarter compared to $782 million in the year-ago quarter. In a reversal of fortune, pension accounting adjustment negated $113 million from the quarter while in the year-ago quarter this adjustment had added $32 million to earnings. The spike in pension liability was due to the lower value of the company’s retiree fund. On the revenue front with $11.1 billion, the company beat the year-ago result of $10.6 billion by 4.5%. The upside in sales, year-over-year came from higher numbers across the board but especially from ...

ITT Corporation (ITT) has been awarded a $19.3 million order from the U.S. Army's Research Development & Engineering Command Acquisition Center under the OMNI VII contract for AN/PVS-14 night vision monocular devices. Eighty percent of these goggles are required by the U.S. Air Force with the remaining quantities for the U.S. Navy and U.S. Army.  The AN/PVS-14 is a high-performance, lightweight and reliable night vision monocular that provides enhanced resolution for mobility and target identification. These rugged devices can be hand-held, head- or weapon-mounted or fitted to a camera. The AN/PVS-14 operates on a single AA battery and are equipped with ITT's thin-filmed proprietary Generation 3 Pinnacle image intensifier tube.  The Gen 3 Pinnacle tube has the ability to detect available light more than 10 times the power of previous generations. The company has also been awarded a $72 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract ...

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Friday October 16, 2009

DrStockPick.com Stock Report!

LMT, PWRM, NOC, CSRH, IBM, CVAT, CME, AQNM

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LMT, Lockheed Martin Corporation

LMT is a world leader in systems integration and the development of air and missile defense systems and technologies, including the first operational hit-to-kill missile. It also has considerable experience in missile design and production, infrared seekers, command and control/battle management, and communications, precision pointing and tracking optics, as well as radar and signal processing.

The U.S. Army and the Missile Defense Agency (MDA) activated the second Terminal High Altitude Area Defense (THAAD) Battery today in a ceremony at Fort Bliss, Texas.

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Lockheed Martin Corporation (LMT) yesterday bagged a $133 million contract from the U.S. Army to provide eight threat detection systems. The company will supply the systems over the next 11 months. The U.S. Army is already using nine such systems. Lockheed’s detection systems are equipped with multi-mission sensors to provide intelligence, surveillance, reconnaissance and communications to support coalition forces. 

In recent times, Lockheed Martin Corporation has witnessed the cancellation of quite a few prominent programs such as the TSAT Mission Operations System (TMOS) contract, F-22 Raptor program and the VH-71 Presidential Helicopter (VH-71) program. Lockheed Martin’s high-cost platform programs were the prime targets of the Obama administration for budget cuts. The addition of $133 million would boost the beleaguered backlog of the company, which shrunk to $79.2 billion after the first half of the fiscal 2009 from $80.9 billion at year-end fiscal 2008. 

Lockheed Martin remains …

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Tuesday October 6, 2009

DrStockPick.com Stock Report!

GD, PWRM, NOC, CSRH, CVAT, LMT, RTN

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GD, General Dynamics Corp.

GD is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.

GD will provide enterprise information technology (IT) support to the U.S. Coast Guard under a five-year, $140 million task order awarded through the Enterprise Acquisition Gateway for Leading-Edge Solutions (EAGLE) contract.

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases

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