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Lockheed Martin Stock: Buy, Sell, or Hold?

TheMotleyFool

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Lockheed Martin Stock: Buy, Sell, or Hold?: https://g.foolcdn.com/editorial/images/784864/best-defense-stocks-to-buy-2023.jpg

Lockheed Martin (NYSE: LMT) stock is up 13.7% this year, and most of the gain comes after the company's recent second-quarter earnings report. Does the good news from the second quarter signal a buying opportunity, or is now the time to take advantage of the increase in the share price? Here's a look at what happened and how to think about the stock.

Two issues keep Lockheed Martin investors up at night:

After delivering only 98 F-35s in 2023 (compared to an expectation of 100 to 120), management started 2024 forecasting 75 to 110 F-35 deliveries. However, given that the TR-3 updates were supposed to be ready a year ago, investors had reason to feel cautious in 2024.

Source Fool.com

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