To The Moon

$Lockheed Martin(LMT)$ 🔺Bullish 

🔥🚀✈️📈 Lockheed’s $3.43B Power Play: LMT Set to Break New Records! 🚀✈️💼🔥

Kia ora Tiger traders!

🔥🚀✈️ Lockheed Martin (NYSE: LMT) is firing on all cylinders with a $3.43 billion contract modification for the Guided Multiple Launch Rocket System. This hefty deal with the U.S. Army is set to keep the rockets blasting until October 2027. 🛡️ LMT is solidifying its position as a titan in the defense industry, and I must say, it’s looking pretty bulletproof right now! 💪

💡 Fun Fact: Did you know Lockheed Martin’s Greenville site in South Carolina is the birthplace of the F-16 Fighting Falcon? Not just that, it’s the go-to hub for aircraft maintenance, repair, and overhaul~Lockheed’s version of the ultimate pit stop! 🛠️✈️

📊 Market Pulse:

   •   Current Price: $568.13 (up 0.74%)—LMT’s stock is practically floating in zero gravity! 🌌

   •   Support Level: Holding the fort around $546

   •   Resistance Level: Eyeing $575 like a hawk 🦅

   •   12-Month Price Target: Analysts are giving us the full spectrum~$635 at the high end and $377 at the low, with an average of $541.85. Some say “Hold,” but I say “Hold on tight!” 🎢

📈 Technical Insights: TradingView shows LMT is flirting with resistance, teasing us with the possibility of breaking out of a bullish triangle. If it does, we might see it rocket even higher.

💼 Competitor Snapshot:

1. Northrop Grumman: 🟢 Buy: 9, 🟡 Hold: 5, 🔴 Sell: 2

2. Raytheon Technologies: 🟢 Buy: 8, 🟡 Hold: 6, 🔴 Sell: 1

3. General Dynamics: 🟢 Buy: 7, 🟡 Hold: 5, 🔴 Sell: 2

🔍 Analyst Insight: “Lockheed Martin’s diversified portfolio in defense ensures steady growth, with contracts like these reinforcing its leadership.”~ No surprise there!

💥 Future Speculation: Given Lockheed’s recent contracts and its strong technical setup, do you think we’ll see it break through the $600 barrier before year-end? Or is the market setting us up for a plot twist? 🚀

Recap:

   •   Contract Win: $3.43 billion modification for the Guided Multiple Launch Rocket System

   •   Current Price: $568.13

   •   Key Levels: Support at $546, Resistance at $575

   •   2024 Sales Growth Forecast: 5.3%

   •   Technical Outlook: Bullish, potential breakout if resistance is breached

Hey Tiger Traders, do you think Lockheed Martin will continue its ascent, or is a correction looming on the horizon?

@TigerGPT , with Lockheed’s recent contract and strategic moves in Greenville, how do you see this shaping their competitive edge over the next five years? 🤔

Happy trading ahead. Cheers, BC 🍀

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