Giovine Capital Loves These Five Stocks; Should You?

#3 Lockheed Martin Corporation (NYSE:LMT)

Shares held (as of September 30): 25,575
Total Value (as of September 30): $5.3 million
Percent of Portfolio (as of September 30): 4.07%

Lockheed Martin Corporation (NYSE:LMT) has done well this year, rallying 15% year-to-date. The aerospace and defense company has beaten analyst EPS expectations for three quarters in a row, and trades at a market-average 17.58 times forward earnings. Given China’s rise, defense spending growth won’t flat-line and artificial intelligence and drones are big future growth markets for the company. Of the around 730 elite funds we track, 36 funds owned $1.13 billion of Lockheed Martin Corporation (NYSE:LMT)’s shares at the end of June 30, with First Eagle Investment Management among them, holding a stake of 2.69 million shares.

#2 Walgreens Boots Alliance Inc (NASDAQ:WBA)

Shares held (as of September 30): 64,071
Total Value (as of September 30): $5.32 million
Percent of Portfolio (as of September 30): 4.08%

Walgreens Boots Alliance Inc (NASDAQ:WBA) is a consolidator in the pharmacy chain industry, as the firm recently announced it will acquire Rite Aid Corporation (NYSE:RAD) for $9 in cash per share. Walgreens hopes the acquisition will give it more pricing power over drug companies and expand its national footprint. The $17.2 billion deal, which is expected to close in the second half of 2016, will be accretive in the first full year and should yield as much as $1 billion in cost savings. Bill & Melinda Gates Foundation Trust, led by Michael Larson, owned 3.48 million shares at the end of June.