Jim Cramer on Lockheed Martin: “This Stock’s Been Very Volatile”

Lockheed Martin Corporation (NYSE:LMT) was among the stocks Jim Cramer discussed on Mad Money, along with the recent sell-off in the market. A caller asked if it was a good time to start a position in the stock, and Cramer replied:

You know… First of all, you sound like a smart fella. I think that you buy. Here’s what I’d like you to do: Let’s say you want to buy five shares. Why don’t you buy two now and then if it gets below $500, buy the other three. I don’t want you to come in all at once. This stock’s been very volatile…. Here, it’s at $523. I want you to buy some, and then below $500, you’ll buy the rest. And that’s what I’m trying to do with my Charitable Trust, buy slowly.

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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