Lockheed Martin Shares: Poised for a Breakout?

The American defense behemoth finds itself in a curious position. Despite analysts upgrading their earnings forecasts and the promise of multi-billion dollar contracts on the horizon, its stock price remains stagnant. Trading around $470, the shares are languishing below their 50-day moving average, even as strong fundamental catalysts appear ready to propel them forward. Is the market’s valuation about to catch up with the company’s robust business trajectory?

Beyond optimistic earnings revisions, concrete contract wins are providing significant momentum. While Lockheed Martin recently secured a $12.4 million contract increase for its THAAD missile defense system, this is merely a prelude to a much larger opportunity. The Read more...