Palantir Just Crushed Earnings Again. These 2 Legacy Defense Stocks Are the Cheaper Way to Play the Same Budget.
The defense spending supercycle has only just begun.
Overview
Palantir Technologies (NASDAQ: PLTR) saw its stock soar this month after reporting another strong earnings result. It now has a market cap larger than every defense contractor in the world.
However, because of its high price-to-earnings ratio (P/E) and price-to-sales ratio (P/S), investors would be smart to avoid buying Palantir stock after shares have soared hundreds of percentage points in the past few years.
Details
Instead, someone looking to bet on growth in U.S. defense spending should consider these two legacy providers. Here's why Lockheed Martin (NYSE: LMT) and General Dynamics (NYSE: GD) are solid buys with the market near all-time highs.
Source
Originally published at www.fool.com.
Related Articles
- Here are Wednesday's biggest analyst calls: Nvidia, SpaceX, Tesla, CoreWeave, Dell, Intel & more
- CoreWeave’s stock is rocketing after earnings lead to praise from bulls and bears alike
- 'Tougher times ahead': Don't expect blowout returns to continue, CEO of $2.3 trillion fund warns after record first half
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.