Easter Sunday Stock Pick... ( Precision Castparts Corp. (Public, NYSE:PCP)

Precision Castparts Corp.

(Public, NYSE:PCP) 127.22 a share / Target Price 165.00

Precision Castparts Corp. (PCC) is a manufacturer of complex metal components and products, provides investment castings, forgings and fasteners/fastener systems for aerospace and industrial gas turbine (IGT) applications. The Company also provides investment castings and forgings for general industrial, automotive, armament, medical and other applications; nickel alloys and product forms, as well as cobalt alloys, for the aerospace, chemical processing, oil and gas, pollution control and other industries; specialty alloys, waxes for the investment casting industry; refiner plates, screen cylinders and other products for the pulp and paper industry; low-pressure sewer systems; gas monitoring systems for the power generation industry, and metalworking tools for the fastener market and other applications. PCC operates through three segments: Investment Cast Products, Forged Products and Fastener Products. On December 4, 2008, it acquired Hackney Ladish Holding Corp.Precision Castparts is currently above its 50-day moving average of $113.54 and above its 200-day moving average of $99.21. Look for these moving averages to climb to confirm the company's upward momentum.Goldman Sachs raised its rating for Precision Castparts Corp. ( PCP 127.22, 0.00, 0.00%) Monday to buy from hold.

"The commercial [original equipment] outlook has improved significantly as Boeing and Airbus are now raising rates, and Precision Castparts is a major beneficiary," Goldman said in a note to investors.This will be an Obama-friendly company whose products will be in great demand.Precision Castparts has the reserves needed to weather the current economic storm. As the economy begins to recover and as the Boeing company begins to fill orders in 2010 for its Dreamliner commercial airplane, this company and its stock price should recover nicely.Once Boeing gets back on track they will really take off. They have weathered the storm of the recession and hopefully are ready for round 2 going into the summer.

Shares of Precision Castparts, a $17.5 billion market-cap company that manufactures fasteners and other forged alloy products used on aircraft, opened nearly 3% higher, setting a new 52-week high..Once Dreamliner production starts this stock will be a dream to own. This is an extremely well run company, a leader in specialized parts for aerospace, great relationships w. customers. lots of cash, min debt. not a short term play , yet, a long-term winner, top drawer company.