Lockheed Martin Stock Is Up 21% This Year. Can the Rally Keep Going?

Shares of Lockheed Martin (NYSE: LMT) have managed to hold on to a big rally this year through the recent round of extreme market volatility. The stock is up about 21% in 2024, sitting near an all-time high, even as the S&P 500 has pulled back by more than 7% from its peak in recent weeks.That dynamic is great news for investors, suggesting the stock remains well supported by strong fundamentals and a positive outlook. In this case, the defense sector juggernaut is capturing a demand boom from ongoing geopolitical conflicts as an earnings tailwind.Could Lockheed Martin make a good addition to your portfolio? Here's what you need to know.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool