#7 - Lockheed Martin (NYSE:LMT)
Unlike many stocks on this list, Lockheed Martin (NYSE: LMT) stock has gone up 32% in 2022. The defense contractor has benefited from the geopolitical instability caused by Russia’s invasion of and ongoing war with Ukraine. The company’s weapons system have been front and center in what has helped the Ukranians defend themselves.
The recent midterm elections produced a divided Congress, which should bolster shares of Lockheed Martin which has a wide moat as a defense contractor.
LMT stock is near the top of its 52-week range and the analyst consensus price target of analysts suggests the stock could go lower. Nestled among a bunch of revised price targets since the company reported earnings in October include several analysts who see the stock moving about 15% higher than its current price. Even if it doesn’t, Lockheed Martin offers an attractive dividend that has increased for 19 years and currently pays $11.20 per share on an annual basis.
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
- $489.02
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $612.29 (25.2% Upside)
The only constant in the stock market is that it can make fools out of “experts." That's why anyone who says they know what 2023 will shape up to be is not telling you the truth.
Interest rates and inflation are likely to play a significant role in the performance of stocks in 2023. And as Russia's invasion of Ukraine reminds investors, there are always black swan events that can foil the best investment strategies.
This uncertainty is why communities, even online ones, matter a lot. The Reddit forum is a place for investors to share investment ideas. There's strength in numbers. The stocks in this presentation are just a sampling of the stocks that Reddit members are discussing each and every day.
As part of your MarketBeat subscription you have access to a list of trending Reddit stocks that you can screen based on specific criteria such as market cap, sector, and media sentiment. It's another example of the kind of research tools that make MarketBeat the only destination you need for your stock news.
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