Lockheed Martin Corporation (NYSE:LMT)

Strategy Session January 30th, 2018

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LMT Weekly Chart

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  • DAN: $LMT is testing the early August high. This would be what Bill O'Neil called a "high and tight" pattern. The stock really runs up and then pauses. But the pullback just isn't that deep, indicating that there really isn't a lot of supply at those elevated levels -- few are taking profits. At the same time, buyers are still wanting to buy, and they are happy to get any stock they can. Buying at $540 was better than buying at $560. And now the stock is back near $560 and we'll see what happens. This would be a stock for aggressive traders. I am not saying it is a buy RHRN (right here, right now), but it would be a stock to buy on a breakout...for aggressive and active traders!
  • vitoB: starter in $LMT this one intends to be a longer hold than usual for me
  • vitoB: $LMT best pick of the day
  • Henry: $GD $RTX $LMT defense stocks have rolled over.
  • woodman: @bigbartabs $ITA $DFEN - Some interesting individual defense stocks: $TXT into the gap. $WWD & $CW on fire. $DRS consolidation at the 50d. $RTX high squeeze with potential breakout (but extended from 50d). $LMT has had rising 20d support. $TDG has had rising 50d support. $HII found the butcher's block (200d).
  • traderbren: $LMT - looking constructive for a move higher from here.
  • Angdionk: $LMT trying to move upwards
  • scottrades: $LMT Trying to break out above a short term resistance level.
  • marklesparkle: @scottrades $LMT I bought some this time PM its going to break .Magic 8ball says so
  • vitoB: per yesterday still lookin through the defense basket, $KTOS and $LMT ones i like the best, with $KTOS the one i just pulled the trigger, long starter
  • marklesparkle: $LMT @scottrades mentioned this in a SS and lo and behold it went right up to the BO 457 and sold off so when he says on volume its true its true NP
  • scottrades: @marklesparkle $LMT :)
  • bill52: @bigbartabs I'd suspect its the Iran/Israel news as the defense stocks are the only thing I see jumping up $RTX $NOC $LMT
  • DrScience: $LMT $LHX $NOC $RTX Defense contractors pushing to new highs.
  • scottrades: My notes: $SPY / $QQQ Non Farm PayRolls tomorrow. $IWM Downside Reversal $DXY Above the 50 Day $TNX Did not move up on Fed Comments $SMH Stopped at resistance $GLD Buyers into the close $SLV Big breakout $GDX Near the highs $USO Big move up $XLE Watch for a pullback $XME Metals catching up $IBIT Strong amid the weakness $TSLA Wedge $NVDA Under the 21 EMA $NFLX Still above the 21 EMA $HUBS Take over talk $LMT Watch this slope $LZ Pinching $GOLD Extended $AEM High Base $AG Watch for a Pullback $FNV Watch 122.30 $RGLD Watch 124.80
  • vitoB: $NOC and $LMT green on a bad day, starting to turn np in either
  • traderbren: $LMT - still looking for the surface of the earth. ;-)
  • traderbren: $LMT - took a nosedive when it crossed the 50d. NP
  • ray: @traderbren $LMT Their earnings release was this morning.
  • LFYoda: $LMT Breakout?
  • ray: @LFYoda $LMT Consider $RTX as well. I'm in both of these for longer term.
  • scottrades: @LFYoda $LMT Looks pretty good!
  • LFYoda: @ray $LMT $RTX thx but I’ll pass. used to work for $RTX left a bad taste lol.
  • Mounty: $LMT breaking out after a long consolidation
  • Docoof: All up big: $NOC $GD $RTX $LMT $DFEN etc.
  • DAN: ...
    Other stocks to watch: Every single defense stock. They are all up too high to buy...but are definitely stocks to watch. Nobody loves war more than Lockheed Martin ($LMT) Northrop Grumman ($NOC) L3Harris ($LHX), Huntington Ingalls ($HII) and General ...
  • traderbren: @DAN $ITA - yep, I was looking at $RTX, $LMT, $GD, $AVAV ..etc yesterday. It looks like we won't be producing any arms for a long time and funding won't occur....which we know is not the case.
  • DavidK: @traderbren $ITA $RTX $LMT $GD $AVAV $RTX chart looks like it has been thrown to the gutter like McCarthy.
  • Henry: @bigbartabs $ITA $DFEN I don't see a lot happening volume wise in $GD $LMT $NOC. LMT just sold 20 C-130's to Australia. Did you know these babies go for 330 mil a piece!??
  • bigbartabs: @Henry $ITA $DFEN $GD $LMT $NOC ... I have a hunch that its continued rumblings of US defense not being prioritized / supported.
  • traderbren: $LMT - waking up from the dead...and clearing the 50d after a rapid sell off over the past 2 days.
  • champ: $SQQQ is at $17.30......$SDS is at $32.75......$TZA is at $23.10........ $VXX is at $24.00.....$GUSH at $133.00.....$FAS at $72.00..... ~~could maybe Watch these ETF's for Market direction....... ....Plus $JNJ at $168.10.....$LMT at $456.50......
  • traderbren: #Defense - interesting to note that the defense names - $RTX, $NOC, $LMT, $GD, $AVAV - are trading like there's no more wars to be fought! ;-)
  • woodman: If true, this is mind-blowing, and $LMT $BA $SPCE could be beneficiaries. Here's how this article starts: "A former intelligence official turned whistleblower has given Congress and the Intelligence Community Inspector General extensive classified information about deeply covert programs that he says possess retrieved intact and partially intact craft of non-human origin." https://thedebrief.org/intelligence-officials-say-u-s-has-retrieved-non-human-craft/
  • Henry: @woodman $LMT $BA $SPCE Bob Lazar reported that in 1989. Fascinating guy. Check him out on youtube. https://youtu.be/BEWz4SXfyCQ He claims we know how to fly them and did so regularly at area 51. The debunk is there is no record of him having attended the university or worked at area 51. The government could have erased those records, a conspiracy theorist would say.
  • woodman: @Henry $LMT $BA $SPCE - I don't know, maybe it's just me, but this is so fascinating, if true. civilization-altering, potentially. Think of the technological leaps this could spawn. I keep saying, "if true," because it's so - sorry for the pun - out of this world. I totally believe that we on this planet are not only (purportedly) intelligent life in existence. But to believe the theory of that is one thing; to have actual proof of extraterrestrial intelligent life, and apparently far more advanced than we are, is quite another. We've been conditioned all our lives to believe that "flying saucers" and "little green men" is craziness. And there so many tin-hat kooks are out there. I really haven't spent any time thinking much about it, personally. But, Wow! This is extraordinary ... if true.
  • Bs7518: $LMT weekly breakout to ATH
  • Mounty: $LMT new high seems to be holding after breaking out of consolidation since December high.
  • vcondry: @Mounty $LMT them damn Russians aren't going to kill themselves!! (Unfortunately) Slava Ukraini! Also all $DFEN seems to be moving up...in hindsight feels a bit obvious but I'm just now getting a starter in $LMT
  • traderbren: @Mounty $LMT - agreed, but I don't like the gap it left behind plus it doesn't look like it can hold outside the upper BB.
  • scottrades: My notes: $SPY/$QQQ Trend is up, but choppy $UUP Still in a Downtrend $GDX In consolidation $SMH Holding the 50 Day $XLE Going sideways $ITA Near the highs $IBB Building a Flag $XLC Building a short base $TAN Higher Low $BLOK Mentioned in the pod $AAPL Right at resistance. $MSFT Sideways, Earnings on the 25th $V At resistance $SHOP Long $DKNG Breaking out $COIN Back to the MAs, watch your size $INTU Watch 448 $FSLR Earnings on the 27th $ARRY Watch 22.65 $SONO in trend $MBLY Mentioned by Dan $NET Base building $FSLY Good volume $DIS At the MAs $LMT New weekly high $AXON Working $HEI Through the 50 Day on volume
  • scottrades: Some Earnings to be aware of for next week: $TSLA $SCHW $BAC $NFLX $JNJ $GS $MTB $STT $TSM $ASML $LMT $MS $UAL $AXP $RAD $T $BK $PLD $GNTY $IBM $USB $NOK $PG $ERIC $ISRG $NDAQ $BKR $ABT $ALK $SLB $ALLY $MBWM $WAL $FCX $BX $JBHT $UNP $CBSH $DHI $PM $ELV $AA $TFC $LRCX $KEY $FITB $CFG $SYF $NUE $TRV
  • pperlroth: Watching $LMT above $499.10
  • pperlroth: @pperlroth $LMT for it to get above$499.10
  • Bf: $LMT $NOC $GD #defense working, $LMT breaking out np, $NOC above the 50dma, $GD retesting the 50dma on strong volume but cannot break the 200dma
  • scottrades: Good morning Team! Lots of green on the screen, fresh off Jamie Dimon’s letter, which was all the talk on Bloomberg this morning. I am still watching the move in $GLD playout, as the monthly chart has a nice C&H on it. When charts start looking good on the long term time frames, you have to pay attention to them. I’m watching $GDX, $WPM, $RGLD, $NEM, $AEM, and hold some $GOLD. Also watching for re-entries on $SMH Stocks like $ON $ALGM. I see a nice base on $TSM. $NVDA is still in trend. $AMD is back to the 8EMA. I’ve also been mentioning Defense stocks like $LMT and $AXON which have started coming out of their bases. Let's have a great day! Scott
  • jwgiblin3: @scottrades $LMT What do you think now?
  • scottrades: $LMT and $AXON still interesting. Nice bases.
  • scottrades: $LMT and $AXON are tight.
  • Bert953: @scottrades Interesting that 8 period EMA on 10 min chart is about same price as the VWAP. possible entry for someone looking to enter $LMT. Its in a tight squeeze, but there's no evidence that its looking to break out. Also the market is looking indecisive even though the gap up in all the indexes this morning were above horizontal or down trending resistance lines.
  • Mounty: $LMT bollinger bands very tight ..3%
  • Mounty: $GD, $RTX, $LMT, $NOC, $HII any one know of any news which would account for huge moves on huge volume right after close yesterday in many of the defense names?
  • Dlkayoda: @Mounty $GD $RTX $LMT $NOC $HII I read China launched a test run rocket dangerously near Taiwan. Got me thinking about the draft and war. Maybe investors are thinking the same.
  • vitoB: $LMT pinching on daily, but weekly looks tired. Anyone intending to buy this?
  • scottrades: $NOC Close to resistance. Also seeing strength in $LMT
  • traderbren: $LMT - looking constructive here and the intra-day walk looks good so far.
  • AboveWater: $LMT just hit my $485 alert along the 8dEMA
  • Docoof: Industry Group: Aerospace/Defense. Industry Group Rank (1 to 197): 60. Friday: $GD ATH $CW ATH $LMT ATH $HEI ATH $CVU 1-yr high $ITA The iShares U.S. Aerospace & Defense ETF. New 1-yr high on Friday, as noted by mopick. Top 7 holdings: $RTX, $LMT, $BA, $GD, $TXT, $NOC, and $HWM. I was too early with $HWM last month. Probably giving it a second try with a decent volume move above 39.25.
  • Roadrunner: $gd $RTX $LMT defense names breaking out.
  • mopick: @Roadrunner $gd $RTX $LMT, $ITA is the ETF which has all these obviously if you don't want to play with just one of these, breaking out as well.
  • issues: @Roadrunner $gd $RTX $LMT We also have $LDOS , $DFEN, $AJRD and $HON. Maybe anticipating a conservative congress?
  • debeers: $LMT-The 2 contracts today pale in light of a missile strike of Poland. No one should care if it is accidental IMO Poland is a Nato Nation. $MTDR-The President has called for more oil drilling. Whaaat??? Long again. $WMT-The consumer is buying less and spending less. The sneaky pete backstop is that the controlling family is always your backstop. 20B buy back and sang the beat and raised song.
  • debeers: $LMT-Col. Jack Jacobs is expecting at most a slap on the hand to Russia. Sees NATO as being ineffective.(Breaking).
  • Sub_ree:
  • woodman: @debeers $LMT - Any country with nukes can do as it wishes. Putin understands this. Kim Jong-un understands this too.
  • vitoB: @woodman $LMT spec starter in $HII based on headlines
  • debeers: $LMT-$MTDR/BTU-@Woodman- Even though India will completely ignore sanctions on Russia, we know 3 things: 1. Winter is coming and in some places is already dipping temps. 2. Baby its coal outside---$BTU works 3. President has finally figured out that you cannot deplete the Oil Reserve forever-$MTDR a real edge here- The solution, which is extreme but effective is that you Debank Russia and threaten any NATO nation that gets oil from Russia with huge sanctions.
  • Margi1983: $DFEN Trying to break the 20 ma. This sector ETF has had a 41% move this month, riding the coat tails of $LMT, $NOC, and $RTX. Long $NOC
  • Rockstar: ...
    I am also looking at the healthcare sector with $UNH ,$CI and $VRTX on my watchlist. I do not like that they are up against previous highs and will be careful on any entries. The $XLC and $XLF are also worth a look on the long side as well. Th ...
  • Rockstar: ...
    $OXY,$DVN,$LNG are all in the winners circle, but not really at good entry points. The defense sector is the same way. $LMT bounced strongly after earnings and has continued its upward move. $NOC is making new highs, but reports next week. I would s ...
  • debeers: Didn't want dupes and had some. So for fert i chose $CF over Mosaic-Sold the $MOS, Sold $AMAT which is a great company so i could keep$LRCX, Sold $CRM because we really do have to get through the worst, and $FCX because too much of it went for new build in housing. NOW- $CF/$CVX and i'll rebuy $MTDR right before earnings, $LRCX keeper, $$LMT no one outspends the D's on defense and every time you turn around they get another contract, $STLD- unlike $NUE- the earnings for $STLD beat whereas $NUE was a big miss IMO. Will be adding some booze soon-probably Pernod Riccard.
  • debeers: $LMT/$LRCX/$MTDR/$PPG/$SLB/$STLD/$TECK/$TSLA-LONG and i sorta kinda think Musk might buy back some Tesla shares because that would be the smart thing to do and give him the pat on his back his ego needs.
  • scottrades: $LMT Moving on U.S. / Taiwan News. Want to see it Pullback a bit.
  • scottrades: @scottrades $LMT Headline: THE US IS IN TALKS WITH TAIWAN TO JOINTLY PRODUCE WEAPONS - NIKKEI.
  • Bert953: @scottrades $LMT saw it moving up yesterday morning by chickened out. "big mistake.... huge."
  • scottrades: @Bert953 $LMT Tough to buy a move like that. There will be more!
  • Bert953: @scottrades $LMT yeah, it was just under the 50dMA which I saw as Resistance 1 in a whipsaw market. it even ate through R2 down trend line from the March high to Sept 19 high. currently slight roll over on 10 min chart to under the VWAP.. Nothing to do here now.
  • Margi1983: @bwcarnation1 $DFEN $NOC $LMT $RTX $NOC trying to breakout. Needs to close above 515.49
  • maracom: $LMT popping
  • champ: @maracom $LMT....they beat on nice #Earnings....
  • maracom: @champ #Earnings #warwhatisitgoodfor? oh, it's $LMT
  • bwcarnation1: $DFEN $NOC $LMT $RTX very strong sector today
  • vitoB: @scottrades $WBA haha. I say $WBA and $VZ out ; $BAC/$WFC and $LMT in
  • issues: @bwcarnation1 $DFEN $NOC $LMT $RTX sold $NOC for a good profit and bought $DFEN. Thank you. Owe ya a beer!
  • scottrades: Reminder about some #Earnings for the week: $TSLA $BAC $NFLX $SCHW $GS $JNJ $BK $T $UAL $VZ $LMT $SNAP $AAL $GNTY $SI $NOK $NUE $ASML $PG $IBM $HAS $AXP $ALLY $ACI $ABT $ISRG $BKR $BX $LRCX $FCX $NDAQ $AA $SLB $DOW $MRTN $STT $SBNY $JBHT $PLD $TRV $MNSB $ERIC $PM $ALK
  • traderbren: @Mikev200 $NOC - yep, I was looking at $LMT too. Both had a nice bounce in this tape.
  • issues: @traderbren $NOC $LMT I bought a very small position in NOC b/c it has a better/higher chart and is rated 84 (composte) B (accumulation) while LMT is rated 80 D+.
  • Docoof: #News #Oil #Gas (Bloomberg) Oil rallied after Russian President Vladimir Putin ordered a partial mobilization to hold onto occupied territories in Ukraine, an escalation that could lead to further disruption to energy supplies. West Texas Intermediate surged toward $87 a barrel, adding as much as 3.2%. Russia will take necessary steps to defend its sovereignty and will defend territory with all available means, Putin said as he announced a partial mobilization of the country’s population. https://news.yahoo.com/oil-steady-near-eight-month-002100811.html https://www.cnbc.com/amp/2022/09/21/oil-markets-fed-rate-hike-recession-demand.html CNBC: Shares of defense contractors are rising in the premarket after Russian President Vladimir Putin mobilized more troops to Ukraine in what’s seen as a major escalation of the Ukraine war. Among stocks on the move: $LMT up 2%, $NOC up 1.3%, $RTX up 1.2%, and $LHX up 1.5%.
  • DAN: ...
    In my mind, there is a supply issue when I'm in a bidding war with Raytheon ($RTX) or Lockheed-Martin ($LMT) for the Maytag washing machine that I need so my socks don't smell.

    All this stuff will work itself out. Happily, I'm not shopping for a wa ...
  • efrain007: @DAN $ASML $RTX $LMT $OXY $SSO $QLD $NOG $CLR $SLB $MRO $OBE $APA $HAL Speaking of supply/demand, it’s interesting that PC parts pricing is coming down. My son builds gaming and office PC’s and last month I told him I was looking for a new PC. He quoted me $1300. This weekend he tells me it’s now down to $1100 for the exact same build. I didn’t understand why computer parts are going down while everything else goes up. He has nothing to do with $BTC or trading but according to him when $BTC goes down computer parts tend to go down too because there is less demand from miners. Don’t know if he’s right or wrong but food for thought.
  • KenB0707: Hi Dan, What caused you to select $RTX as opposed to $LMT as an active trade stock? Thanks. KenB
  • DAN: @KenB0707 $RTX $LMT Sure. I felt that I had a better understanding of the pattern, and I felt that the trading range was tightening and compressing a bit, which would give the stock more impetus for moving higher after that breakout. It's not quite working out the way I believed it would...but I'm ok with it. Currently, the stock is down just around 1% from the entry, and still up quite a bit from my last suggestion about buying the rebound with a tight stop. I think it's likely to fall a bit more for a while. Beyond that? Insert shruggie here:
  • traderbren: $LMT - bullish engulfing candle today. $NOC doing the right thing. $RTX still playing catch up.
  • scottrades: $LMT Trying to break above it's base.
  • Enrique: @scottrades $RTX $LMT cleared it's pivot point of $434 also (on news)
  • scottrades: $LMT Basing. Watch 435. Support at the 50 Day.
  • scottrades: $LMT Small flag.
  • grcjr: @scottrades $RTX - I'm still thinking that the chart for $LMT is better than $RTX. I'm looking at a 2 week chart. Dark Blue line is $RTX. The others are $LMT
  • scottrades: My notes: $SPY Target 420 $QQQ Trending up $IWM Same $DIA Holding the 100 EMA $UUP Chopping around $TNX Getting some push back $TLT Tightening along the 8EMA $GLD Holding the 8/21 EMA $GDX Trying to base $SMH Semi’s are working $ARKK Move up stops $IGV Holding the 100 EMA $XHB Holding the 100 EMA $TAN Watch Wednesday’s low $XBI/IBB Nice follow through $AMZN Extended but working $TSLA Holding the 200 SMA $GOOGL Speed bump at the 100 EMA $NVDA Riding the 8EMA $AMD Working $ON Working $MU Holding the 21 EMA $ASML Holding the 100 EMA $DQ Holding the 50 Day $LMT Stronger but extended $RTX Stopped on half $HXL Short flag $PLTR Working $BJ Got a starter $SEDG Early signal in the forum $ENPH Working $SHLS COTD $AMT Yield Hog $AXNX Low float $BLDR Watch yesterday's low $TOL Ditto $LEN Watch 86.40
  • grcjr: $RTX $LMT @Scottrades - hi Scott. If you are looking at $RTX you might also want to look at $LMT. Both do missiles.
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Stock Price $542.22
Change 0.04%
Volume 1,310,970

Lockheed Martin Corporation is a security and aerospace company engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products.

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