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Lockheed Martin Corporation

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LMT trade ideas

LMT Long Disclosure: I do own shares in LMT and this is not financial advice. LMT is approaching 0.618 Fib retracement level from Pre Covid High to Covid Low. MACD Cross on the Weekly and looks like the Monthly will have a cross over shortly. Using Fib time series analysis as well to anticipate price moves near the vertical lines. My time horizon is long-term so I am looking to possibly close the position at 1.618 Fib $551.56 (48.64%). LMT is now trading above 200-day moving average now $364.70. Fundamentals NYSE:LMT Currently trading at 13.23 Forward PE R NYSE:LMT atio 2.8% Dividend Yield as well so you get paid to wait on this trade. Also assuming a 8.5% discount rate and 3.5% perpetuity growth rate the fair value would be $414.21.
NYSE:LMTLong
by robertpeterwood
Buying on previous week's highI am waiting at last week's high to buy if an opportunity arises. LMT has been accumulating for a long and underperformed SP500 big way over the long term. In the short to mid-term, LMT is catching up quickly and can grow beyond. On the daily timeframe, it is clear that the two last red candles were just a test for if we can hold the current price above the accumulation range. It looks like this: Regardless of technicals, Ukraine Twitter appears to have been full of photo-evidence of heavy weapons being moved to the borders with Lugansk and Donbas over the last two months. I will leave this without further comment.
NYSE:LMTLong
by OrcChieftain
Lockheed profit target 25%I picked up some Lockheed Martin today, because both value and sentiment on the stock are looking too good to resist. Value I estimate Lockheed's forward P/E at about 12.5, which is really cheap for a megacap. Forward P/S is 1.5, and forward dividend yield is over 3%. I estimate Lockheed's PEG ratio at about 2, with the annual earnings growth rate sitting near 4%, the sales and dividend growth rates closer to 2.5%, and the free cash flow growth rate near 5%. These are pretty great numbers. Lockheed has about 23% upside to its median price multiple of the last 4 years. Its main competitor, Boeing, has been hemorrhaging money like a catastrophic head wound hemorrhages blood. Meanwhile, Lockheed's been enjoying tailwinds from recovery of TSA throughput numbers, proposed acquisition of Aerojet Rocketdyne, and announcement of a large UK military budget this year. Sentiment Analysts give Lockheed an average rating of 7.8/10, a solid "Buy." This rating has recently improved a few points. S&P Global gives Lockheed's fundamentals an average score of 77.25/100. Its ESG score is about average for its industry. Open interest from options traders is in very bullish territory, with a 30-day put/call ratio of 0.5. TradingView's technicals-o-meter is flashing "buy." The average analyst price target for Lockheed is more than 15% above the current price. Trading plan I sketched out a tentative view on how Lockheed might move from here. We're sitting right at a resistance and hopefully about to break out. If we get through resistance here, I'm looking for a fairly decisive move to about $394.50. From there, I'm thinking we dither for a while. A lot will depend on conditions in the larger economy, but with vaccinations, stimulus checks, and geopolitical tensions, I suspect Lockheed will eventually break out toward its all-time high. If it hits my second target, the profit from the trade will be about 25%. I'm hoping it gets there by the end of 2021.
NYSE:LMTLong
by ChristopherCarrollSmith
20