Ray Dalio Stock Portolio: 10 New Stock Picks

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8. Lockheed Martin Corporation (NYSE:LMT)

Share Price Performance (Sep 30 – Jan 16): 16.67%

Bridgewater Associates Stake Value: $22.58 million

Number of Hedge Fund Holders: 68

Lockheed Martin Corporation (NYSE:LMT) ranks among the 10 best new stocks to buy in Ray Dalio’s portfolio. On January 9, Truist Securities upgraded Lockheed Martin Corporation (NYSE:LMT) from Hold to Buy, raising its price target to $605 from $500. The boost follows Lockheed Martin’s slump in 2025, with Truist citing an appealing valuation that offers a “compelling risk/reward profile” for 2026.

The firm projects better execution and operational efficiency for Lockheed Martin Corporation (NYSE:LMT) in 2026, as well as lower estimated costs at completion (EACs), and anticipates the company’s Missiles and Fire Control (MFC) division to drive revenue growth with double-digit rises due to increased capacity along with elevated global demand.

Moreover, Lockheed Martin Corporation (NYSE:LMT) delivered a record 191 F-35 Lightning II fighter jets in 2025, above the previous high of 142 aircraft. This milestone occurs as the F-35 program approaches one million flying hours and concludes the TR-3 software update. Truist stated that, while the F-35 program continues to be “an easy target,” worries related to the Defense Department’s Office of General Evaluation (DOGE) had “largely subsided.”

Lockheed Martin Corporation (NYSE:LMT) is one of the largest defense contractors in the world. It specializes in the research, design, and development of advanced technology systems, products, and services.

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