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Lockheed Martin Lags Defense Peers On Slower Top-Line Growth Outlook & Lack Of Catalysts, Says This Analyst
Tuesday, August 30, 2022 - 1:59pm | 233RBC Capital analyst Ken Herbert initiated coverage on Lockheed Martin Corp (NYSE: LMT) with a Sector Perform rating and a price target of $460, implying an upside of 7.9%. The analyst mentions that as the largest defense contractor globally, LMT is often viewed as a proxy for...
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BJ's Wholesale Club, Cisco, Canadian Solar And Some Other Big Stocks Recording Gains On Thursday
Friday, August 19, 2022 - 4:18am | 616U.S. stocks closed mostly higher on Thursday. Here is the list of some big stocks moving higher in the previous session. Wolfspeed, Inc. (NYSE: WOLF) shares surged 31.8% to settle at $112.91 after the company reported better-than-expected Q4 EPS and sales results. Additionally, multiple firms...
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Block, Lockheed Martin And 2 Other Stocks Insiders Are Selling
Friday, August 5, 2022 - 7:44am | 620The US economy added 528,000 jobs in July. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the...
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VOXX International And 1 Other Stock Insiders Are Buying
Friday, July 22, 2022 - 7:32am | 372Although US stocks closed higher on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider...
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Wells Fargo Cuts Lockheed Martin Price Target By ~18%
Wednesday, July 20, 2022 - 1:22pm | 324Wells Fargo analyst Matthew Akers lowered the price target on Lockheed Martin Corp (NYSE: LMT) to $406 (3% upside) from $496 while maintaining the Equal Weight rating on the shares. The analyst believes that LMT will struggle to outgrow its defense peers with large F-35...
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Goodyear Joins Lockheed Martin To Commercialize Lunar Mobility Vehicle
Wednesday, July 20, 2022 - 1:13pm | 206Goodyear Tire & Rubber Co (NASDAQ: GT) has partnered with Lockheed Martin Corp (NYSE: LMT) to develop a lunar mobility vehicle. The team of companies intends to be the first to establish extended-use commercial vehicle operations on the Moon. Goodyear supplied...
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Apple Upstages Goldman Sachs On Monday, Bringing Rally To A Screeching Halt
Tuesday, July 19, 2022 - 9:30am | 2277(Tuesday Market Open) A big slide in the U.S. dollar appears to be pushing stocks higher Tuesday as a slew of earnings arrived before the opening bell. Potential Market Movers The U.S. Dollar Index ($DXY) was down 0.75% before the market opened, continuing its three-day slide. As of early...
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Lockheed Martin Shares Slip On Q2 Miss, Lowered FY22 Guidance
Tuesday, July 19, 2022 - 8:21am | 450Lockheed Martin Corp (NYSE: LMT) reported a second-quarter FY22 net sales decline of 9.3% year-over-year to $15.45 billion, missing the consensus of $16.05 billion. Adjusted EPS declined to $6.32 from $6.42 in 2Q21, below the consensus of $6.39. The gross margin was flat at 12.7%. The...
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Benzinga Before The Bell: Musk's Twitter Lawsuit, Uber Penalized For Overcharging People With Disabilities, Johnson & Johnson Cuts Outlook And Other Top Financial Stories Tuesday, July 19
Tuesday, July 19, 2022 - 7:25am | 2975CNBC Amazon Courts More Trouble As Regulators Inspect Its Warehouses Federal prosecutors in New York and the Occupational Safety and Health Administration inspected some Amazon.com, Inc (NASDAQ: AMZN) warehouses, CNBC reports. The review was a part of a civil investigation into working...
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US DoD, Lockheed Tout Handshake Deal For 375 F-35 Fighter Jets: Report
Tuesday, July 19, 2022 - 6:43am | 304Reuters reported that the U.S. Department of Defense agreed with Lockheed Martin Corp (NYSE: LMT) to build about 375 F-35 fighter jets over three years. The report also added that the price of the most common version of the aircraft would increase due to inflation and slower...
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Global Cryptocurrency Market Cap Surpasses This Major Level, Here Are The Top Crypto Movers For Tuesday
Tuesday, July 19, 2022 - 3:50am | 503The global cryptocurrency market cap regained its $1-trillion level after recording a sharp plunge in the recent period, with the market valuation falling close to $800 billion earlier during the month. Bitcoin (CRYPTO: BTC), managed to trade above the $22,000 level earlier on Tuesday, but pared...
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Netflix, Johnson & Johnson And 3 Stocks To Watch Heading Into Tuesday
Tuesday, July 19, 2022 - 2:36am | 320With US stock futures trading higher this morning on Tuesday ahead of earnings reports from several companies, some of the stocks that may grab investor focus today are as follows: Wall Street expects Johnson & Johnson (NYSE: JNJ) to report quarterly earnings at $2.57 per share on revenue of...
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Another Way To Understand Market Momentum
Friday, July 15, 2022 - 9:57am | 2185(Friday Market Open) U.S. equity futures moved higher early Friday as investors digested better-than-expected June retail sales data and China’s worst GDP numbers since the start of the pandemic. Later this morning, many are awaiting more detailed consumer sentiment data from Ann Arbor....
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KULR Receives Follow-On Order From Lockheed Martin
Wednesday, June 29, 2022 - 10:43am | 190KULR Technology Group Inc (NYSE: KULR) has received a follow-on order for its space-developed phase change material (PCM) heat sink technology from Lockheed Martin Corp (NYSE: LMT). Financial terms were not disclosed. Phase change material heat sink technology reduces...
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Lockheed Martin's Sikorsky Bags H-60 Black Hawk Helicopter Contract From US Army
Tuesday, June 28, 2022 - 10:32am | 345Lockheed Martin Corp (NYSE: LMT) company Sikorsky and the U.S. government have entered a five-year contract for a baseline of 120 H-60M Black Hawk helicopters, with options to reach a total of 255 aircraft to be delivered to the U.S. Army and Foreign Military Sales (FMS) customers. The...