Lockheed Wins $207 Million for Anti-Artillery Radar System + MORE

Here are today’s top news stories from Fool.com.    

It’s bound to be quiet next week around the Independence Day celebrations on July 4. The market closes at 1 p.m. EST Wednesday (July 3), is closed all day Thursday (July 4) and will undoubtedly suffer anemic volume on Friday (July 5).
So why should you drive yourself nuts surfing for news or churning stocks?
Trading too much leads to chronic underperformance…

By SA Editor Miriam Metzinger: Stocks discussed on the Lightning Round segment of Jim Cramer’s Mad Money Program, Thursday June 27.Bullish Calls:
Lions Gate (LGF): “That thing has been a horse. Can it continue? I don’t know. I thought perhaps it would run out of steam, but it has plenty in the pipeline…

Imagine going from high school dropout to pumping gas to billionaire tycoon.
That’s what David H. Murdock did. His larger-than-life story holds many lessons for investors.
The son of a traveling salesman, Murdock dropped out of school in the ninth grade, and spent time after serving in World War II living above the Detroit service station where he pumped gas, barely scratching out a living…

Filed under: Investing

Lockheed Martin won a sizable Department of Defense contract Thursday. In modification of a preexisting firm-fixed-price contract, the Pentagon will pay Lockheed $206.9 million to supply additional AN/TPQ-53 radar systems and corresponding spare parts. In total, Lockheed’s underlying contract value now rises past $605 million…

Since the Federal Reserve's recent announcements regarding the "tapering" of its quantitative easing programs, the real estate investment trust (REIT) market has been in a tailspin.
The Dow Jones Equity REIT Index has fallen sharply since the middle of May, as investors began to sell on fear that the REIT market — where profits are often tied closely to interest rates — is in for hard days ahead…

Shares of Harman International Industries Inc. jumped 4.62% to close at $53.62 on Jun 27, 2013 after its board of directors announced an additional $200 million share buy-back program.    

June 28 (Bloomberg) — David Levy, chairman at Jerome Levy
Forecasting Center, says the U.S. economy is in a period of
adjustment, but the long-term outlook is good. Levy talked with
Bloomberg’s Pimm Fox and Carol Massar on Bloomberg Radio’s
“Taking Stock” on June 27th.