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Stock picks by the pros
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May 2, 2001: 2:40 p.m. ET
Boeing, Heinz, Hershey's, Northrop Grumman and Lockheed Martin win praise
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NEW YORK (CNNfn) - Money managers and stock analysts named several aerospace and defense stocks among their top picks Wednesday.
Two food companies and one shipping carrier were also mentioned. Here is a rundown of all the companies named.
Alan Kral, portfolio manager at Trevor Stewart Burton & Jacobsen, said he likes some of the food companies in the current environment where the Federal Reserve is lowering rates to help multiples.
"We like companies that have basically relatively strong earnings going forward," said Kral.
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 KRAL'S STOCK PICKS
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Heinz (HNZ)
Hershey's (HSY)
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He said Heinz and Hershey's are two of the stocks in the sector he particularly favors, and he mentioned that people with a sweet tooth could hardly resist the candy maker.
Shares of Heinz (HNZ: unchanged at $39.29, Research, Estimates) have been trading between $48 and $33.12 in the past year.
Hershey's (HSY: up $1.27 to $61.04, Research, Estimates) stock has been trading between $70.15 and $41.56 in the past year.
Chris Mecray, senior research analyst at Deutsche Banc Alex. Brown, said some defense contractors should do well in terms of investments for President Bush's proposed anti-missile defense system.
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MECRAY'S STOCK PICKS
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Boeing (BA)
Raytheon (RTN.B)
TRW (TRW)
Northrop Grumman (NOC)
Lockheed Martin (LMT)
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"We're taking about billions of dollars of procurement that will go their way," said Mecray. "The key prime on the ground base missile defense would be Boeing, also supported heavily by Raytheon, which actually has the key electronics in the kill vehicle that hits the incoming warhead."
He also picked TRW Inc., which makes some of the space-based detecting satellites, and Northrop Grumman to be two of the key suppliers.
"Then on the theater side, a little bit near down to the theater, you have people like Lockheed Martin that are critical suppliers," said Mecray.
Shares of Boeing (BA: up $0.76 to $64.19, Research, Estimates) have been trading between $70.94 and $36.25 in the past year.
Raytheon (RTN.B: up $0.44 to $29.70, Research, Estimates) stock has been trading between $36.68 and $18.06 in the past year.
Shares of TRW (TRW: up $0.83 to $38.87, Research, Estimates) have been trading between $61.06 and $29.37 in the past year.
Northrop Grumman (NOC: up $0.37 to $93.50, Research, Estimates) stock has been trading between $99.10 and $51.18 in the past year.
Lockheed Martin (LMT: up $0.06 to $37.19, Research, Estimates) stock has been trading between $39.80 and $19.81 in the past year.
James Awad, money manager of Awad Asset Management, said EGL Global can provide low-cost shipping around the world.
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AWAD'S STOCK PICKS
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EGL Inc. (EAGL)
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"The stock is at $24 a share now, down from $50," said Awad. "The company is extremely well positioned, the stock could go up 10 points if there is evidence that the economy turns in third quarter."
Shares of EGL Inc. (EAGL: up $0.48 to $24.48, Research, Estimates) have been trading between $37.62 and $19.50 in the past year. 
-- compiled by Staff Writer Joseph Lee
* Disclaimer
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