Jim Cramer Highlighted 16 Noteworthy S&P 500 Stocks

5. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 68

Lockheed Martin Corporation (NYSE:LMT) is one of the noteworthy S&P 500 stocks Jim Cramer highlighted. Cramer highlighted the change in its stock price action over the last 12 months, as he commented:

Next, the seventh best performer last month was Lockheed Martin, up 31%, defense play. What a difference a year makes. 12 months ago, Lockheed was in free fall with Wall Street terrified that the Trump administration would slash defense spending. A year later, Elon Musk’s DOGE has been disbanded, and the President’s calling for a 50% increase in the defense budget, which is why Lockheed’s on fire. Last Thursday, the company… backed up its gains with an excellent quarter. I really liked their conference call. It featured a top and bottom line beat, and more importantly, a terrific full-year forecast. I wouldn’t be surprised if it’s got more upside already. Jim Taiclet is an awesome CEO. Yeah, I really loved the quarter. You know, spent some time on it, just went page by page. Really good.

Lockheed Martin Corporation (NYSE:LMT) designs and maintains aircraft, missile systems, and helicopters for government and military use. The company also produces satellites, naval vessels, and cybersecurity tools.