A volatile geopolitical environment is driving growth for Lockheed Martin. The company is integrating more high-tech solutions across its product portfolio in an ongoing digital transformation.
Earnings season continues to roll along, with these three companies delivering bullish guidance following strong results.
Shares of Lockheed Martin Corp LMT tanked in early trading on Monday, after rallying nearly 4% in overnight trading.
RBC analyst Ken Herbert upgraded shares of Lockheed Martin to Buy from Hold, and raised the price target to $600 from $500.
Although the majority of assets in the stock market are crashing, certain defense stocks are doing the exact opposite – rallying amid the rising geopolitical tensions that have seen new war fronts arise or threaten to appear in multiple regions as the now already ‘old' wars continue raging.
Defense stocks soared in July, with many gaining double-digit figures ranging from 10% to 18%. Good results drive the moves, and the demand trends suggest that business will stay good.
After significant technological refresh delays, the F-35 program looks to be getting back on track. Margin pressures are ongoing at Lockheed Martin.
Lockheed (LMT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Lockheed Martin turned in a strong quarterly report on Tuesday, with sales rising 9%. Earnings, however, increased only 3%, and few analysts expect Lockheed to exceed that rate going forward.
Owning stock gives investors a one-for-one behavior in the underlying stock, and that's good enough when there is a longer timeframe. But it won't cut it for big traders looking to quickly get a hit-and-run stock move.
Lockheed Martin has delivered no F-35 combat jets in 2024 so far. However, Lockheed Martin reported a sizable order backlog and expectation-beating quarterly financial results.
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