Lockheed Martin (LMT) Offering Possible 28.21% Return Over the Next 30 Calendar Days

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Lockheed Martin’s most recent trend suggests a bullish bias. One trading opportunity on Lockheed Martin is a Bull Put Spread using a strike $385.00 short put and a strike $375.00 long put offers a potential 28.21% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $385.00 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $7.80 would be incurred if the stock dropped below the $375.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Lockheed Martin is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Lockheed Martin is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Lockheed Martin

Lockheed Martin Earnings Mixed As F-35 Sales Slips While Guidance Lifted
Tue, 20 Apr 2021 11:54:24 +0000
Lockheed reported mixed Q1 earnings as its top program saw a decline in sales, while the defense giant raised its 2021 views.

Lockheed Martin beats first-quarter profit estimates and raises guidance
Tue, 20 Apr 2021 11:40:00 +0000
Defense contractor Lockheed Martin Corp. said Tuesday it had net income of $1.8 billion, or $6.56 a share, in the first quarter, up from $1.7 billion, or $6.08 a share, in the year-earlier period. Sales rose to $16.3 billion from $15.7 billion. The FactSet consensus was for EPS of $6.30 and sales of $16.3 billion. The net income figure includes unrealized gains from investments held in the Lockheed Martin Ventures Fund of $68 million, as well as severance and restructuring charges of $35 million, to close and consolidate facilities and reduce workforce at the rotary and mission systems business segment. The company raised its guidance for 2021 and now expects EPS to range from $26.40 to $26.70, compared with guidance offered in January of $26.00 to $26.30. It expects revenue to range from $67.3 billion to $68.7 billion, compared with earlier guidance of $67.1 billion to $68.5 billion. The FactSet consensus is for full-year EPS of $26.33 and revenue of $68.1 billion. Shares were down 1.1% premarket but have gained 10.4% in the year to date, while the S&P 500 has gained 10.8%.

Lockheed Martin raises outlook, beats earnings estimates
Tue, 20 Apr 2021 11:36:05 +0000
U.S. weapons maker Lockheed Martin Corp increased its outlook for 2021 sales and profit as it reported better-than-expected quarterly profits on Tuesday, helped by higher sales and profits at its unit which makes ships and helicopters. Though the maker of the F-35 fighter jet increased the midpoint of its full-year revenue outlook slightly to $68 billion, the estimate is below Wall Street’s average estimate of $68.17 billion. One big potential dampener for defense companies’ profits was removed earlier this month when U.S. President Joe Biden’s proposed a flat defense budget for 2022 despite calls from progressive Democrats to reduce Pentagon spending.

Lockheed Martin Reports First Quarter 2021 Results
Tue, 20 Apr 2021 11:29:00 +0000
Lockheed Martin Corporation [NYSE: LMT] today reported first quarter 2021 net sales of $16.3 billion, compared to $15.7 billion in the first quarter of 2020. Net earnings in the first quarter of 2021 were $1.8 billion, or $6.56 per share, compared to $1.7 billion, or $6.08 per share, in the first quarter of 2020. Cash from operations in the first quarter of 2021 was $1.7 billion, compared to $2.3 billion in the first quarter of 2020.

Lockheed Martin Beats Profit Forecast, Raises Guidance Amid F-35 Debate
Tue, 20 Apr 2021 07:44:00 +0000
Lockheed Martin expects to deliver around 139 F-35 fighter jets this year, but lawmakers are again questioning spending commitments to the group’s key military program.

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