LMT Head and shoulder setupLMT is a chart I always watch but have only played a few times. I think its getting set up for a move and have heavy eyes on it this week!
LLLOCKHEED MARTIN CORP CEDEAR EAC 20 REP 1(USD)
23.45USDD
+0.55+2.40%
At close at 19:59 GMT
USD
No trades
LMTD trade ideas
$LMT with a bearish outlook following its earnings #BeststocksThe PEAD projected a slight bearish outlook for $LMT after a negative under reaction following its earnings release placing the stock in drift D
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LMT Entry @$335 Target $930.00 Date May 15, 2023Lockheed Martin, Inc ( 2 Years Projection)
LMT Entry @$335 Target $930.00 Date May 15, 2023
Lockheed Martin Corporation is an American aerospace, arms, defense, security,
and advanced technologies company with worldwide interests.
Company Website: www.lockheedmartin.com
Promo Information: youtu.be
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!
LockHeed Martin Corp: Technical set up.I like to use the Gann box for this stock, because this indicator has worked so well consistently. As you can see from the chart the reversal may have begun or may drop one more time before heading for $420. Don't miss this. Like and share this chart with all your friends so they can benefit from this analysis. Thank you.
Lockheed Martin (LMT) - Long-term buy and Hold OppLockheed Martin IMO is ridiculously under priced. They ended 2020 with record setting sales of $65.4 billion which is an 9% improvement from their 2019 $59.8 billion worth of sales.
Mind you, they increased their sales by 9% in the year of the pandemic.
In addition, my technicals are displaying over sold conditions and I'm primed and ready to throw more cash their way.
#BmoreWealthy
