LMT a defense large cap dips for buyers LONGLMT has been flat sideways since a good earnings beat 5 weeks ago. Lockheed Martin as a
defense contractor is in a growth environment with the US supplying arms to Ukraine as well
a Isreal. Domestic stockpiles and those of NATO are somewhat depleted. The contraacts will not
catch up for years. Gone are the days of making face masks and gowns during COVID to keep
revenues flowing in. I see this 2% dip as a change to get a small discount on what should
be a stock with upside for some years to come. This is a long swing trade not expectant of
a 3-4% profit in a week. I expect to hold this at least until the next earnings if not through
the presidential elections where the defense and national security perspectives of the
incoming or returning president may be a factor in the fundamentals of defense contractors.
