Jim Cramer on Lockheed Martin: “That’s the One I Would Tell You to Buy”

Lockheed Martin Corporation (NYSE:LMT) is among Jim Cramer’s latest stock calls as he covered Exxon, Lockheed, and others. Noting that aerospace and defense stocks have been going down recently, a caller asked for Cramer’s recommendation, and he said:

Okay, it’s easy, Lockheed Martin. Jim Taiclet does a great job. The fact that the stock is down in the last few weeks is actually a terrific opportunity. I like that very much. I also like Boeing. Boeing I own for my Charitable Trust… I feel badly that we don’t own an oil, but we do own Boeing, and I think that’s just a terrific, terrific situation. A lot of things have changed in the world since Feb 28. The idea of owning outright military, a defense stock, they have not been that great until now. The President obviously wants a bigger defense budget. Lockheed gets more than, I think Lockheed does a great job, and Taiclet does a terrific job. And that is the straightforward one to own, and that’s the one I would tell you to buy.

Stock market data. Photo by Alesia Kozik

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.

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