Lockheed Martin Corporation : One can take advantage of the trading range to enter new positions
Entry price | Target | Stop-loss | Potential |
---|
$448.23 |
$470 |
$438 |
+4.86% |
---|
Lockheed Martin Corporation shares have been stuck in a horizontal trading range. Investors could benefit from a return of the share price to the lower level of the trading range to build up new long positions.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company presents an interesting fundamental situation from a short-term investment perspective.
● The company has a good ESG score relative to its sector, according to Refinitiv.
Strengths● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
● Historically, the company has been releasing figures that are above expectations.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● The company appears highly valued given the size of its balance sheet.
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