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Lockheed Martin (LMT) Vs. Raytheon Technologies (RTX)
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Lockheed (LMT - Free Report) is the largest defense contractor in the world and makes up roughly 30% of the US’s total military spending. Lockheed has little operational exposure to the economic and social disarray due to its contracted nature. LMT management is maintaining its earnings guidance for 2020.
The market catalyzed an LMT share price slide, creating an excellent buying opportunity for savvy investors. LMT is still 12.5% off its all-time highs, and 7 out of 10 analysts are calling this stock a strong buy.
Raytheon’s (RTX - Free Report) recent merger with United Technologies solidified its #2 spot on the list of largest defense contractors. Raytheon Technology presents more risk but a potentially larger upside.
RTX is more exposed to the downturn because of its sizable consumer segments. Despite the risk, RTX is a relatively safe way to invest in aerospace’s recovery. Its substantial defense portfolio will continue to drive growth alongside its recovering commercial business.
The average price target is $92 representing a 43% upside from the $64 per share RTX is trading at today.
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys. Access Zacks Top 10 Stocks for 2020 today >>
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Lockheed Martin (LMT) Vs. Raytheon Technologies (RTX)
Lockheed (LMT - Free Report) is the largest defense contractor in the world and makes up roughly 30% of the US’s total military spending. Lockheed has little operational exposure to the economic and social disarray due to its contracted nature. LMT management is maintaining its earnings guidance for 2020.
The market catalyzed an LMT share price slide, creating an excellent buying opportunity for savvy investors. LMT is still 12.5% off its all-time highs, and 7 out of 10 analysts are calling this stock a strong buy.
Raytheon’s (RTX - Free Report) recent merger with United Technologies solidified its #2 spot on the list of largest defense contractors. Raytheon Technology presents more risk but a potentially larger upside.
RTX is more exposed to the downturn because of its sizable consumer segments. Despite the risk, RTX is a relatively safe way to invest in aerospace’s recovery. Its substantial defense portfolio will continue to drive growth alongside its recovering commercial business.
The average price target is $92 representing a 43% upside from the $64 per share RTX is trading at today.
For more info check out: Lockheed Martin (LMT - Free Report) Vs. Raytheon Technologies (RTX - Free Report) : Win Win?
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>