Teledyne (NYSE:TDY) is known for its aerospace and defense products, but the company has increasingly shifted its business to include fast growing energy and marine markets too.
The combination of an increasingly diverse client base and ongoing aircraft production growth offsets short term headwinds tied to slowing defense spending tied to sequestration. This suggests it may be a good time to consider buying shares in Teledyne.
The catalysts likely to boost Teledyne shares this year include:
Instrumentation is Teledyne's strongest market.
The company benefits from strong sales growth in its instruments division, which is...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|