Shares of Lockheed Martin (LMT) - Get Lockheed Martin Corporation Report are up 17 percent year-to-date and over 220 percent in the past five years. The defense giant is certainly flying high - and cranking out cash - as a result of escalating global tensions, says John Augustine, chief investment officer at Huntington National Bank (HBAN) - Get Huntington Bancshares Incorporated Report . 'They keep generating cash flows to return to shareholders, plus they have the F-35 program,' said Augustine. Augustine added that defense stocks will continue to be in favor, but they are 'not in the political spotlight' which is keeping them from being overblown. Augustine is also bullish on Johnson & Johnson (JNJ) - Get Johnson & Johnson Report , which has seen its stock rise 20 percent so far in 2016. The healthcare giant has been popular with investors this year due to its three percent dividend yield. Nevertheless, Augustine is particularly enamored with the stock due to its oncology pipeline. 'Both our groups like it, blue chip core and blue chip dividend,' said Augustine. 'It's one that our customers can play for total return or income.' Speaking of income, Augustine is a fan of Realty Income (O) - Get Realty Income Corporation Report , primarily for its 3.4 percent dividend yield in this income starved world. The REIT is up 36 percent year-to-date, far outperforming the 12 percent return of the iShares U.S. Real Estate ETF (IYR) - Get iShares U.S. Real Estate ETF Report .
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