Published March 21, 2014
Battle of the Blue-Chip Industrials and Other #Stocks2Watch
#Stocks2Watch: Battle of the Blue-Chip Industrials
Goldman Sachs told clients to buy United Tech in favor of Boeing.
Boeing (NYSE:BA) | United Technologies (NYSE:UTX)
Goldman Sachs (NYSE:GS) told its clients to buy United Technologies (NYSE:UTX) over Boeing (NYSE:BA). In so doing, the investment bank lifted United Tech to "buy" from "neutral" and cut Boeing to "neutral" from "buy."
Goldman said UTC is "well positioned in a strengthening Commercial Aerospace aftermarket, it has a strong product portfolio in a bottoming Defense market, it is a leader in US non-residential construction, and its largest profit generators in the European construction markets look to be bottoming."
LIN Media (NYSE:LIN) | Media General (NYSE:MEG)
Media General (NYSE:MEG) said it would buy LIN Media (NYSE:LIN) in a deal valued at $1.6 billion. The merger will create a television broadcaster that reaches nearly a quarter of U.S. households with televisions, according to Reuters. LIN shares are surging 30% on the news.
Symantec (NYSE:SYMC) shares are plummeting after the maker of Norton antivirus abruptly fired CEO Steve Bennett.
Tiffany & Co. (NYSE:TIF)
Tiffany & Co. (NYSE:TIF) shares are stumbling after the jeweler posted disappointing quarterly results and a weak forward outlook.
BlackBerry (NASDAQ:BBRY) shares are jumping after the struggling smartphone maker said it would sell the majority of its Canadian real estate.