BOSTON (TheStreet) -- U.S. stocks rallied Monday as consumer spending rose for a fifth-straight month. These three defense stocks hit highs.

3. General Dynamics

(GD) - Get Report

rose 2% to $78.48, recording a high of $78.62.

Quarter

: Fourth-quarter profit ascended marginally to $614 million, but declined to $1.58, on a per-share basis. Revenue inched up to $7.9 billion. The operating margin stalled at 12%. General Dynamics has $2.3 billion of cash and $3.9 billion of debt.

Stock

: General Dynamics has soared 82% during the past year, outpacing U.S. indices. The stock trades at a price-to-projected-earnings ratio of 11 and a price-to-book ratio of 2.4, 30% and 64% discounts to industry averages. It's also cheap based on sales.

Consensus

: Of analysts covering General Dynamics, 16, or 70%, recommend purchasing its shares, six advise holding and two suggest selling them.

Morgan Stanley

(MS) - Get Report

expects the stock to gain 21% to $95.

Goldman Sachs

(GS) - Get Report

expects it to hit $87.

2. Boeing

(BA) - Get Report

climbed 2.1% to $74.11, hitting a high of $74.53.

Quarter

: Boeing swung to a fourth-quarter profit of $1.3 billion, or $1.77, from a loss of $86 million, or 12 cents, a year earlier. Revenue gained 42% to $18 billion. The operating margin rose to 9.4%. Boeing has $11 billion of cash and $13 billion of debt.

Stock

: Boeing has nearly doubled during the past 12 months, beating major benchmarks. The stock sells for a price-to-projected-earnings ratio of 16 and a price-to-book ratio of 25, premiums to industry averages. It's cheap based on sales and cash flow.

Consensus

: Of researchers evaluating Boeing, 16 rate its stock "buy", 11 rate it "hold" and three rank it "sell."

Barclays

(BCS) - Get Report

projects a share price of $87, leaving a potential 18% gain.

Bank of America

(BAC) - Get Report

believes the shares will hit $85.

1. United Technologies

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increased 0.5% to $74, achieving a high of $74.32.

Quarter

: Fourth-quarter profit decreased 6.3% to $1.1 billion, or $1.15 a share, as revenue declined 3.7%. The operating margin widened from 12% to 14%. United has $4.5 billion of cash and $9.7 billion of debt, translating to a debt-to-equity ratio of 0.5.

Stock

: United Technologies has advanced 66% during the past 12 months, outperforming U.S. indices. The stock trades at a price-to-projected-earnings ratio of 14 and a price-to-book ratio of 3.4, reflecting 11% and 48% discounts to industry averages.

Consensus

: Of analysts covering United Technologies, 15, or 79%, advise purchasing its shares and four recommend holding them.

Macquarie

expects the stock to advance 25% to $92. Goldman Sachs also rates the stock "buy."

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