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LOCKHEED MARTIN

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1LMT trade ideas

LMT for the Long-Term -- Time to Fly AgainTime and time again LMT has been a stellar stock. Now, let's start with why they may be down over the last few months: - Plane sales are declining due to COVID -- great, they're about to bounce back, look at BA for comparison - Democrats in office - okay, but have they ever actually decreased military spending drastically? I think LMT will be just fine under a Biden admin Long Term Potential: - Jets: F-35 program is great! New F-16 maintenance contract for 64B, amazing! - Space: Even without the AJRD acquisition (which could still happen), LMT has >20% revenue related to space Fundamentals: - PE of 13.91 - EV/EBITDA of 11.18 - Market Cap of ~94B over an annual revenue of 65.4B (1.43x) -- Revenue grew >9% despite COVID (2020/2019) whereas the stock fell from ~410 to ~360 in 2020 alone (~12%)... it's now down from ~440 COVID high to ~340 now (~23%) - 3.10% yield - 1.39 quick ratio - Earnings in late January missed (barely) and we went down to ~320, but I think we're ready to bounce and to get out of here. We're at ~340 now... plenty of room to set a new lower high and to change momentum to the bulls Technical: - Who cares?! We've been going down... a lot... but we've gone down so much that fundamentals are back in play! - We're seeing some downward pressure / resistance, but I read that we are now consolidating on Long-Term support - Weekly RSI <40; Monthly RSI <50 - Weekly MACD is lower than the COVID low Conclusion: If LMT goes below 300, call me wrong, but based on both fundamentals and technical, this seems like an amazing opportunity to buy for the long-term. Let's aim for ~440 or ~420 (pre or post COVID highs respectively) and then even higher from there!
NYSE:LMTLong
by HandsomeSloth
LMT - Biden Admins Arms Sales Freeze...Shake It Off!LMT 12day, Weekly, Daily Set-up ENTRY = 320 add = 305-266 1st Target = 354 2nd Target = 375 3rd Target = 400 HODL Target = 440+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
NYSE:LMTLong
by UnknownUnicorn7216011