Sales Slow, and a Backlog Worry Looms at General Dynamics
With earnings season in full swing, it's been a good news, bad news, worse news kind of a couple of weeks for defense investors.
Last week, Wall Street seemed unsure precisely how happy to be with Lockheed Martin's strong earnings report. First investors sold it; then they bought it back. With Lockheed Martin stock now selling within $1 of where it sold before earnings, investors appear to have ultimately decided to just let their money ride.
This week, it's General Dynamics' (NYSE: GD) turn to report earnings -- and investors appear to be in a less forgiving mood.
Source: Fool.com
Lockheed Martin Corp. Stock
€493.50
-1.830%
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 493 € is below the current price of 493.5 € for Lockheed Martin Corp., so the potential is actually -0.1%.
