Jim Cramer Discusses Lockheed Martin as He Weighs In on Dron…
Insider Monkey – Free Hedge Fund and Insider Trading Data (Syeda Seirut Javed)Lockheed Martin Corporation (NYSE:LMT) was among the stocks Jim Cramer was focused on, as he discussed Mad Money’s latest game plan for the week. An Investing Club member asked about Cramer’s outlook for the defense companies. In response, he said:
Okay, a lot of people feel that the government just can’t continue to afford this kind of spending on defense. Other people say, you know what, the cycles have peaked, and what we’re going toward is cheaper and more efficient. Say, let’s look at, say, drones versus manned giant jets that cost a fortune. I think that it’s going to take a long time for us to wean ourselves out of the stuff that’s really cost a fortune, which is why I say if you want to own one of these, you own Lockheed Martin. Okay, that’s the best one in the group. And I’m not recommending any defense stocks, but that would be number one. And number two would be RTX, which also has a big commercial business, and I think the commercial business may save you.
Lockheed Martin Corporation (NYSE:LMT) designs and maintains aircraft, missile systems, and helicopters for government and military use. The company also produces satellites, naval vessels, and cybersecurity tools.
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