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Trader's Watch List: Lockheed Martin Corporation (NYSE:LMT), Public Service Enterprise Group Inc. (NYSE:PEG), Host Hotels and Resorts Inc (NYSE:HST)

Trader's Watch List: Lockheed Martin Corporation (NYSE:LMT), Public Service Enterprise Group Inc. (NYSE:PEG), Host Hotels and Resorts Inc (NYSE:HST)
Written by
Joel Najarian
Published on
October 30, 2014
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Lockheed Martin Corporation (NYSE:LMT) said it has agreed to buy Systems Made Simple, a provider of health information technology solutions to the U.S. federal government, for an undisclosed amount. The security and aerospace company said the terms of the deal are "not material." "Systems Made Simple's capabilities in engineering health technology solutions are a natural extension of our existing health IT portfolio, and will enable us to deliver a broader portfolio of capabilities to meet our healthcare customers' current and future needs," CEO Marillyn Hewson said in a statement. Lockheed Martin Corporation (NYSE:LMT) closed near the higher end of the 52-week range between $133.16 and $186.78 on Wednesday.Public Service Enterprise Group Inc. (NYSE:PEG) reported Q3 results above analysts' expectations and the energy company boosted the low end of its forecast for 2014 operating earnings. Net income rose to $444 million, or $0.87 per share, from $390 million, or $0.77 per share, a year earlier. Operating earnings, which exclude some one-time items, were $0.77 per share in the latest quarter, up from $0.76 per share in the prior-year period and above the $0.74 per share expected on average by Capital IQ. Operating revenue climbed to $2.64 billion from $2.55 billion a year earlier, topping the Street's consensus estimate of $2.63 billion. Public Service Enterprise Group Inc. (NYSE:PEG) raised the low end of its guidance for full-year operating earnings by a nickel per share, now projecting $2.60 to $2.75, above 2013's $2.58. Izzo said it is on track to achieve results at the upper end of that range. PEG is trading in a 52-week range of $31.25 to $41.38.Host Hotels and Resorts Inc (NYSE:HST) on Thursday reported Q3 earnings and revenue above analysts' expectations while the lodging real-estate investment trust also boosted its forecast for full-year earnings and said it expects to declare a special dividend in Q4. Net income attributable to the company soared to $144 million, or $0.19 per diluted share, from $19 million, or $0.03 per diluted share, a year earlier. Excluding discontinued operations, its prior-year earnings had been $0.01 per diluted share. Analysts polled by Capital IQ had expected a profit of $0.09 per share, on average, for the latest quarter.On an adjusted basis, funds from operations rose to $0.34 per share for the latest quarter, from $0.25 per share in the prior-year period. Total revenue rose 6.9% to $1.29 billion, topping the $1.28 billion expected by the Street. Comparable hotel revenue jumped 7.9%. For 2014, the company reiterated expectations for total revenue growth in a range of 3.8% to 4.0%, although that is below the Street's consensus estimate for 4.4% growth to $5.39 billion. Host Hotels and Resorts Inc (NYSE:HST) boosted its forecast for 2014 earnings per diluted share to a range of $0.92 to $0.93, from its previous forecast of $0.67 to $0.70. Analysts recently were projecting $0.69 per share. It now sees adjusted funds from operations per share between $1.47 and $1.49, above its prior view for $1.44 to $1.47. The company also said it expects to declare a special dividend of approximately $0.05 per share in Q4.

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