The analyst says that he buys Lockheed Martin (LMT) amid “a lot of demand”

Jim Lebenthal of the CNBC investment committee explained during a recent program why Lockheed Martin Corp (Nyse: LMT) has:

“I think the world unfortunately is a dangerous place and not getting any safer and I think there will be a special demand with a change in the position of the United States against Europe. There will be a lot of demand from Europe for defensive products. They will not be able to provide them all internally, so companies like Lockheed Martin, the rest of the US defense commander, I think they will benefit from that next year.”

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Conveentum – Gluvium Global Fund has stated the following regarding Lockheed Martin Corporation (NYSE: LMT) in Q4 2024 Investor Message:

Lockheed Martin Company (NYSE: LMT), the defense contractor decreased 16.3 %. The new companion Trump, Elon Musk, may have to do with this. According to media reports, he was “mocking” Lockheed F-35 Fighter, the United States’s main air defense weapon and its allies. His comments resulted in questions about whether the army still needs manned aircraft, given the increasing capabilities of drones. It is more fed from the news that Musk’s Spacex is likely to be part of a consortium to provide a new generation of defense contractors, and to seize a slice of $ 850B defense budget at the expense of the three job occupants. While this news does not ignore, we feel that a decrease in the share price may be an excessive reaction. It is now traded in a smaller installment for our conservative evaluation, and by 2.6 % of the fund, we will monitor with the aim of increasing our position. “

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Detection: Nothing. This article was originally published in A monkey from the inside.