War must be good for business, LMT Target 385-390 USDHey All,
When wall street and some fo the major NYSE and Nasdaq listed companies are experiencing a slight turmoil, Lockheed Martin (LMT) stands head and shoulders above them all which hints that there might be stuff in play that might not be obvious to us, mortals. Yet the expectations are priced in and it looks like USA's war machine is being lubed up right about now.
Wall Street was expecting big things from Lockheed Martin's (NYSE:LMT) first quarter, and the company more than delivered. Lockheed reported earnings of $5.99 per share, easily beating the $4.32 consensus estimate and well above the $4.02 per share it earned a year prior. The company also reported a massive backlog and stronger-than-expected operating margins, and raised its outlook for the full year.
Another year ahead and investors are again expecting great things from LMT and judging from the price trajectory, and overall strength of the trend I suspect that we will see a surge of the company's stock price and new levels of 385-390 USD per share.
Keep that war machine lubed up and enjoy your earnings!
Cheers
Archie
