Lockheed Martin Stock Is Down 6% in 2 Days. Here's What Investors Need to Know
Lockheed Martin stock has been hamstrung by the war in Iran, but there may be value here for long-term investors.
Lockheed Martin Stock Is Down 6% in 2 Days. Here's What Investors Need to Know
Overview
It's often said that financial markets are efficient. However, Mr. Market doesn't bat 1.000, and he's not always just.
Take the case of Lockheed Martin (NYSE: LMT). The defense stock slipped 4% last Thursday and another 3.4% on Monday, with no company-specific news to explain the declines. The most likely culprit is news from last week that the U.S. and Iran are hammering out the details of an interim peace deal. It makes sense that the de-escalation of military tensions in the Middle East would drag on this stock and its defense peers.
Government spending supports a long-term case for Lockheed Martin shares. Image source: Getty Images.
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Originally published at www.fool.com.
