Northrop Grumman Corp.

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Q4 Earnings Season: 12 Stocks Likely to Disappoint

The Q4 earnings season has started off on an unexpectedly good note.

Both Alcoa Inc. (NYSE: AA) and Wells Fargo & Co. (NYSE: WFC) last week reported fourth-quarter earnings that beat estimates.

But before you get too excited about the rest of Q4 earnings season, keep in mind not all companies will be able to beat projections. Some industries were hit harder than others by uncertainty around fiscal cliff tax hikes and spending cuts, as both consumers and businesses reined in spending.

To prepare investors for the underperformers of Q4 earnings season, Bank of America has identified 12 stocks it thinks will disappoint. Each has a "Sell" rating and missed earnings estimates on revenue or profit last quarter.

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EADS Gets a Shot at Boeing's Market Share After Europe Accuses United States of Protectionism

Airbus SAS parent the European Aeronautic Defense and Space Company (EADS) said yesterday (Tuesday) that it intends to compete against The Boeing Co. (NYSE: BA) for a $35 billion U.S. military refueling tanker contract, continuing a ten-year battle recently plagued by protectionism claims.

This is the third act in a drama that Boeing Commercial Airplane CEO Jim Albaugh refers to as "the longest-running soap opera since 'Days of Our Lives.'"

EADS dropped out of the bidding six weeks ago when its partner in the deal, Northrop Grumman Corp. (NYSE: NOC), claimed the Pentagon's contract proposal had been drawn up to favor Boeing. But the Pentagon agreed to extend the bidding deadline from May 10 to July 9 after European officials claimed the situation reeked of trade protectionism.

EADS tried to find another U.S. company to pair with, but instead was forced to enter a solo bid with the help of American subcontractors. EADS said it felt compelled not to give up because its A330-based tanker is a better fit for the job than Boeing's 767-based tanker.

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Buy, Sell or Hold: The Boeing Co. Is Flying High and Ready to Soar Even Higher

Last Dec.14 I gave you my global outlook for 2010.  I recommended three key stocks that would be flying this year:  The Boeing Co. (NYSE: BA), Corning Inc. (NYSE: GLW), and Cypress Semiconductor Corp. (NYSE: CY).

So far, they have all enjoyed rallies.

Boeing rose 29% in about three months, Corning has appreciated about 7%, and Cypress Semiconductors is up 11%.  So all three beat the Standard & Poor's 500 Index, which is up 6% over the same time period.

I remain very bullish on all three companies, but today we will focus exclusively on Boeing.

Boeing continues to ride very powerful trends, and the company is executing well. 

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