10 Jim Cramer Stocks to Watch This Month

3. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Funds Investors: 58

Jim Cramer in a latest program on CNBC said while Lockheed Martin Corp (NYSE:LMT) became attractive after pullbacks, he believes the new US government is opting for a “Palantir-like” solution for procurement and that will have negative effects for stocks like Lockheed Martin Corp (NYSE:LMT).

“Lockheed Martin is a stock that frankly has come down so much that it’s getting hard for me to dislike it. However,  I think the administration is far more focused on the idea of a Palantir-like solution to procurement, and that would be very bad for all the companies you just mentioned. So, I do not want to get in the way of the Palantir buzz saw because that’s very close to Elon Musk, and that’s where I am.”

Delaware Ivy Core Equity Fund stated the following regarding Lockheed Martin Corporation (NYSE:LMT) in its Q3 2024 investor letter:

“Finally, we added Lockheed Martin Corporation (NYSE:LMT) to the portfolio. While demand for the company’s products remains strong as a function of increased defense industry expenditures and a favorable geopolitical backdrop, margins have been impaired by government contracts that were fixed in price before the onset of rapid inflation. We believe the longer-term profit outlook is inflecting as mispriced contracts are replaced by more favorable ones, beginning in 2025. As several observers have noted before, defense companies are a great insurance policy for what you don’t know, a saying that certainly rings true amid escalating conflict across the globe.”