by winston » Tue Mar 26, 2019 9:45 pm
not vested
Defense Stock to Buy: Lockheed Martin Corp.
The VQScore system gives Lockheed Martin Corp. (NYSE: LMT) a perfect score of 4.75. This defense stock is a staple of the U.S. defense industry, and it’s the company behind the F-35 program.
Tens of billions of dollars are pouring into fighter jets right now, especially the Lockheed F-35 and Boeing’s F-15EX.
And right now, Lockheed is winning the competition.
While the Pentagon plans to buy eight F-15 Boeing jets, it plans to buy another 78 F-35s next year for $11.2 billion.
The stock could get a boost once Congress authorizes the request, and politicians are always reluctant to vote against security.
Plus, Lockheed Martin has a solid balance sheet, so there is no need to worry about corporate debt or a sharp exodus of investor capital.
The firm also pays a dividend yield of 2.94%, which is a sign the company likes to reward shareholders.
But the best part of the stock is its upside. Wall Street’s average price target is $340, which represents about 16% upside from today’s $294.22. However, expectations should be more in line with those of Buckingham Research, which projects a target of $305 per share, a potential 38% gain in 12 months.
With a perfect VQScore, a booming U.S. defense budget, and plenty of projects in the pipeline, Lockheed is one of the best defense stocks to own right now.
But our top defense stock to buy now is even better positioned.
Not only does it have a perfect VQScore, but it’s getting a huge catalyst this year.
This company builds 70% of the U.S. navy’s ships, and the navy is going on a massive $28.9 billion binge this year…
Source: Daily Trade Alert
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