It’s one of the best defense stocks you can buy. Wall Street analysts give it a price target that’s 43% higher than recent prices. But that might be too conservative.
Phenomenal fundamentals, a market leading position in its core products, 15 consecutive years of dividend increases, a recent 24% dividend raise, a 3%-plus yield, and the possibility that shares are 17% undervalued all adds up to one of the more compelling opportunities in the market for dividend growth investors.
This article lists seven factors (in order of importance) that caused the market chaos. I firmly believe each of these bearish forces contributed to the market plunge. Some are traditional fundamental reasons, while others are related to today’s market structure. Together, there can be only one result: a market sell-off.