<center>https://mentormarket.io/wp-content/uploads/2019/04/lmt.jpg</center> <br/><p>Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide.</p>
<p>Lockheed reported first quarter earnings today.&nbsp; Lockheed reported earnings of $5.99 per vs. $4.02 per share, one year earlier. Also, Lockheed’s net sales for the quarter rose 23% to $14.34 billion. Thanks to President Trump and his loose policies on foreign arms sales, Lockheed raised their forecast for 2019, which is ahead of Wall Street Estimates.&nbsp;</p>
<p>For example, the United States is considering expanding sales of Lockheed-made F-35 fighter jets to five new nations including Romania, Greece and Poland as European allies bulk up their defenses in the face of a strengthening Russia, a Pentagon official told Congress in early April.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-365.png" alt="" class="wp-image-16323" />
<p><a href="https://finance.yahoo.com/news/lockheed-surges-f-35-deliveries-133814187.html">Source Image</a></p>
<p>Trump even assisted on a Lockheed deal.  On April 1, in a deal that was partially brokered by Trump, the Lockheed was awarded a THAAD interceptor missile contract worth $2.4 billion, many of which are slated to be delivered to Saudi Arabia.</p>
<p>The good news was enough to send Lockheed stock price higher, closing the day with the biggest gains in more than two years.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-366-1024x501.png" alt="" class="wp-image-16326" />
<p>So where is price headed next, lets go to the charts?</p>
<p>Despite price being in a daily supply zone at $335, it's not fresh, meaning price already pulled back to t</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-367-1024x502.png" alt="" class="wp-image-16327" />
<p> meaning price already pulled back to the zone already.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-368-1024x500.png" alt="" class="wp-image-16328" />
<p>Thus, the chart suggest price will breached the current supply level and head higher to the daily supply at $359.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-369-1024x504.png" alt="" class="wp-image-16329" />
<p>This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions. </p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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