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Lockheed Martin (LMT) Stock Analysis: Buy The Dip In LMT?
Lockheed Martin (#LMT) is the world's largest defense supplier and their stock is down -16% while revenues stay steady increasing.
The defense company reported Q2 earnings with Non-GAAP EPS of $7.13 (beats by $0.61) and revenue of $17.03B (+5% Y/Y).
Bears of LMT stock believe the company isn't a buy because there are no wars. But their revenues have increased every year since 2014 with or without war. As technology advances it appears that governments will buy and advance their military equipment, with or without wars.
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By Financial MoversLockheed Martin (#LMT) is the world's largest defense supplier and their stock is down -16% while revenues stay steady increasing.
The defense company reported Q2 earnings with Non-GAAP EPS of $7.13 (beats by $0.61) and revenue of $17.03B (+5% Y/Y).
Bears of LMT stock believe the company isn't a buy because there are no wars. But their revenues have increased every year since 2014 with or without war. As technology advances it appears that governments will buy and advance their military equipment, with or without wars.