Jim Cramer’s 18 Stock Calls and the Impact of Iran War: Apple, Alphabet, and More

13. Lockheed Martin Corporation (NYSE:LMT)

Lockheed Martin Corporation (NYSE:LMT) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Toward the end of the lightning round, answering a caller’s query about the stock, Cramer said:

No, no, here, listen to me, Jim Taiclet is bankable. I want you to buy more. I think it would be terrific.

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. During the April 2 episode, a caller noted that aerospace and defense stocks have been declining and asked for Cramer’s advice. The Mad Money host responded:

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.