Jim Cramer Recently Talked About These 15 Stocks

5. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 65

Cramer said that Lockheed Martin Corporation (NYSE:LMT) had become a focal point for fears of Elon Musk’s influence. He also highlighted the fears that DOGE politics might lead to reduced Pentagon budgets. He added:

“Things look even worse after the Trump administration picked Boeing over Lockheed for the military’s next big major fighter jet program. That was a big surprise. But the stock stabilized over the past couple months, and this morning, Lockheed Martin managed to turn in a decent set of numbers. Clean top and bottom line beat. In fact, they earned $7 and 28 cents. Wall Street’s only looking for $6 and 34 cents. That’s magnificent.

Now, Lockheed Martin also reiterated its full-year forecast. But like RTX, Lockheed said their forecast ‘doesn’t include the evolving impact of tariffs or related recoveries’. At the same time, it also doesn’t include new rules from the Trump administration that makes it easier to sell weapons to our allies. Initially, the stock reacted like RTX.”

Cramer noted that Lockheed Martin (NYSE:LMT) shares dropped following the earnings report, falling as much as 3.4% by around 10:00 AM. However, things started to shift once the company’s conference call got underway at 11:00. Cramer pointed out that after the call began, the stock began to recover. It eventually moved into positive territory and ended the day with a slight gain. He added:

“I’d like to tell you it was something management said on the conference call that turned things around, and there were plenty of positives, but I think the rebound had nothing to do with Lockheed specifically. See, shortly before the call began at 11:00, a report… [said] that Vice President JD Vance offered to sell India Lockheed Martin F-35s during a meeting with the Indian Prime Minister today. If that comes to pass, it would be a nice order for Lockheed, and I wouldn’t be surprised if these fighter jets turned into a major chit in our trade negotiations with other countries. That’s how it has worked historically in the past.”

Lockheed Martin (NYSE:LMT) is an international company that works in the security and aerospace fields. It designs, builds, and develops advanced technology, products, and services used in defense and space.