Aerospace & Defense stocks (NYSE:PPA) have been battered after the U.S. government announced spending cuts to lower the national debt. But Jack Hough at SmartMoney says these stocks are worth a second look because ” investors might be too bearish on defense stocks, some of which carry 4% dividend yields at a time when the 10-year Treasury yield has slipped to a historic low of around 2%.”
Northrop Grumman (NYSE:NOC): Sells for seven times this year’s forecast profit. Carries a 4.06% dividend. Howard Rubel at Jefferies & Company rates the company a “buy”. Research more about Northrop Grumman here >>
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