#2 - Defense and Aerospace Stocks (NYSE:LMT)
Another area for investors to consider investing $5,000 is the defense and aerospace sector. Geopolitical concerns are increasing, so the defense budget is unlikely to go down regardless of which party wins the White House.
And there are some names you’ll want to consider. One example is Lockheed Martin Corp. (NYSE: LMT). This is the number one global defense contractor by revenue and market cap. And 75% of the company’s business is in the defense market. Over the last five years, LMT stock has delivered a total return of 68.83%, and when you take a longer view, the gains are even greater on a percentage basis.
And this is also a good sector for investors looking towards the future of the industry. If that fits your investment philosophy, you may want to consider AeroVironment Inc. (NASDAQ: AVAV). The company is a leader in the emerging sector of robotics and robotics services. AVAV stock has a five-year total return of 267%.
About Lockheed Martin
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.
Read More - Current Price
- $564.27
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $553.43 (1.9% Downside)
