U.S. politicians ‘laughing straight to the bank' after betting on this defense stock
Lockheed Martin(LMT) Finbold·2024-08-13 21:24
For years, United States politicians have built a reputation for favoring defense stocks, coinciding with escalating global geopolitical tensions.Among the preferred stocks is Lockheed Martin (NYSE: LMT), a leading global aerospace, defense, and security company. The equity has soared significantly in recent months, closing at $556 on August 12. Year-to-date, LMT is up over 22%, and the stock has surged 20% in the last month alone.Consequently, these stock returns have translated into notable profits for se ...