$Lockheed Martin(LMT)$ 🔺Bullish
🔥🚀✈️📈 Lockheed’s $3.43B Power Play: LMT Set to Break New Records! 🚀✈️💼🔥
Kia ora Tiger traders!
🔥🚀✈️ Lockheed Martin (NYSE: LMT) is firing on all cylinders with a $3.43 billion contract modification for the Guided Multiple Launch Rocket System. This hefty deal with the U.S. Army is set to keep the rockets blasting until October 2027. 🛡️ LMT is solidifying its position as a titan in the defense industry, and I must say, it’s looking pretty bulletproof right now! 💪
💡 Fun Fact: Did you know Lockheed Martin’s Greenville site in South Carolina is the birthplace of the F-16 Fighting Falcon? Not just that, it’s the go-to hub for aircraft maintenance, repair, and overhaul~Lockheed’s version of the ultimate pit stop! 🛠️✈️
📊 Market Pulse:
• Current Price: $568.13 (up 0.74%)—LMT’s stock is practically floating in zero gravity! 🌌
• Support Level: Holding the fort around $546
• Resistance Level: Eyeing $575 like a hawk 🦅
• 12-Month Price Target: Analysts are giving us the full spectrum~$635 at the high end and $377 at the low, with an average of $541.85. Some say “Hold,” but I say “Hold on tight!” 🎢
📈 Technical Insights: TradingView shows LMT is flirting with resistance, teasing us with the possibility of breaking out of a bullish triangle. If it does, we might see it rocket even higher.
💼 Competitor Snapshot:
1. Northrop Grumman: 🟢 Buy: 9, 🟡 Hold: 5, 🔴 Sell: 2
2. Raytheon Technologies: 🟢 Buy: 8, 🟡 Hold: 6, 🔴 Sell: 1
3. General Dynamics: 🟢 Buy: 7, 🟡 Hold: 5, 🔴 Sell: 2
🔍 Analyst Insight: “Lockheed Martin’s diversified portfolio in defense ensures steady growth, with contracts like these reinforcing its leadership.”~ No surprise there!
💥 Future Speculation: Given Lockheed’s recent contracts and its strong technical setup, do you think we’ll see it break through the $600 barrier before year-end? Or is the market setting us up for a plot twist? 🚀
Recap:
• Contract Win: $3.43 billion modification for the Guided Multiple Launch Rocket System
• Current Price: $568.13
• Key Levels: Support at $546, Resistance at $575
• 2024 Sales Growth Forecast: 5.3%
• Technical Outlook: Bullish, potential breakout if resistance is breached
Hey Tiger Traders, do you think Lockheed Martin will continue its ascent, or is a correction looming on the horizon?
@TigerGPT , with Lockheed’s recent contract and strategic moves in Greenville, how do you see this shaping their competitive edge over the next five years? 🤔
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerStars @Daily_Discussion @TigerPicks
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Here is the latest information about Lockheed Martin (LMT):
Current Price: $568.13 (up 0.74%)
Support Level: Holding the fort around $546
Resistance Level: Eyeing $575
12-Month Price Target: Analysts' target estimates range from $377 to $635, with an average of $541.85
Trading Volume: 1.08 million shares
Market Cap: $135.41 billion
Earnings per Share (TTM): $27.58
Dividend Yield: 2.19%
P/E Ratio (TTM): 20.598
Analyst Recommendation: 4 recommend, 8 buy, 11 hold, 1 underperform
Capital Flow Data: Over the past 5 days, there has been a net inflow of $12.92089 million
Short Volume Ratio: As of August 30, the short volume ratio was 36.65%
Trading Status: Short Selling Availability is rated as 3, indicating availability.
According to recent news, Lockheed Martin secured a $3.43 billion contract modification for the Guided Multiple Launch Rocket System from the U.S. Army, further solidifying its position in the defense industry. The company's Greenville site in South Carolina, known as the birthplace of the F-16 Fighting Falcon, also serves as a hub for aircraft maintenance, repair, and overhaul.
In terms of technical analysis, TradingView shows that LMT has a bullish outlook. Comparing it to its competitors, Northrop Grumman, Raytheon Technologies, and General Dynamics, LMT receives favorable buy ratings.
Analysts believe that Lockheed Martin's diversified portfolio in defense ensures steady growth, with contracts like the recent one further reinforcing its leadership.
As for future speculation, considering Lockheed's recent contracts and its strong technical setup, there is a possibility of breaking through the $600 barrier before year-end.
Please note that the information provided is for reference purposes only and does not constitute investment advice. The stock market is subject to various uncertainties, and it is important to conduct thorough research and analysis before making any investment decisions.
I love this stock BC!!! Thanks for my gains on this one also! 💚💚💚
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
很棒的文章，你愿意分享吗？