Lockheed Martin
LMT Lockheed Martin has had multiple large consolidations it has bounced back from. This consolidation seems to be getting a bit overplayed here as they continue to keep getting more contracts. The uncertain news with the defense spending is not all that bad and actually if the company continues to increase its net margin each quarter/year, the future looks good for Lockheed Martin. Making advanced technology while improving net income and net margin can prove to make Lockheed Martin a consistent winner of defense contracts. If budget cuts to defense spending do happen, it is not wise to assume Lockheed Martin is going to be negatively impacted as with talented engineers there is always room for innovation to make new high net income and net margins.
As for the Chart, It has had a fantastic run in 2024 and dollar cost averaging when a stock has the 50 day moving average significantly below its 100 day moving average and 200 day moving average is usually a good thing to do.
Consolidation period. There is a Fib level below it could bounce off of. Good thing to look for is when the stock goes above its 50 day moving average. The 100 day may cross below 200 day moving average, so that is something to watch for as well. Not a bad idea adding here and dollar cost averaging. Good company and I like the future of this stock on a longer timeframe.
Note
Watch for details about defense from Trump Administration. My opinion is about the performance of the chart. Do your own research as well. Have a good day.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.