Not Lockheed Martin Corporation (LMT) But RTX, Say A Lot Of People According To Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About As He Said Everyone Won From Trump’s Japan Deal. Lockheed Martin Corporation (NYSE:LMT) is one of the stocks Jim Cramer recently discussed.

Lockheed Martin Corporation (NYSE:LMT) is a key American defense contractor when it comes to the aerospace industry. Its fighter aircraft form the backbone of US air superiority. The shares have lost 11.9% year-to-date on the back of a major 10.8% dip in July after its Q2 profit dipped by a whopping 80% on the back of a classified $1.6 billion loss on a classified aeronautics project. Lockheed Martin Corporation (NYSE:LMT)’s Q2 revenue of $18.16 billion also missed analyst estimates of $18.57 billion. No wonder Cramer made the following remarks about the firm:

“RTX, by the way, pushed by a number of people, saying that’s the defense stock you want to be in, not Lockheed Martin.”

Source: Pexels

Previously, Cramer had advised viewers to stay long on Lockheed Martin Corporation (NYSE:LMT):

“I like Lockheed Martin too much to tell you to do that. Every time I see Jim Taiclet, I say to myself, why does anyone want to sell that stock with a 3% yield and a great book of business and a terrific CEO? No, you stay long, Lockheed Martin.”

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Disclosure: None. This article is originally published at Insider Monkey.