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CCL Industries TSE: CCL.A reported higher second-quarter sales, operating income and adjusted earnings per share for 2026, supported by organic growth across several businesses, acquisitions and favorable foreign exchange translation. Management said demand conditions remain mixed in consumer packaged goods markets, while the company expects sequential improvement at its Checkpoint division in the second half.

Northrop Grumman trades around 16 to 17 times earnings against a 5-year average near 19. CCL stock trades near 17 to 18 times forward earnings against a 5-year average close to 19, so you are paying near fair value, not grabbing a deep discount. Northrop is a beaten-down leader. The price fell hard, the multiple compressed below its history, and the payoff depends on management delivering on the B-21. More reward if…