1 Magnificent Defense Stock Down 23% to Buy and Hold Forever
In times of market volatility, investors search for stability in their portfolios. Defense stocks can serve this need. If you are tired of watching high-growth stocks go up and down wildly and add stress to your life, you may want to transition some of your invested capital to defense-industry stocks that generate steadier returns with less volatility.Lockheed Martin (NYSE: LMT) is the perfect defense stock for you to buy right now. It has steady contracts with the U.S. and its allies around the world, and its stock is currently in a 23% drawdown. The stock market may be worried about potential lost contracts from European countries, and the stock has fallen with the broad market, but this is missing the forest for the trees.Here's why investors can buy shares of Lockheed Martin and hold them forever.Continue reading
In times of market volatility, investors search for stability in their portfolios. Defense stocks can serve this need. If you are tired of watching high-growth stocks go up and down wildly and add stress to your life, you may want to transition some of your invested capital to defense-industry stocks that generate steadier returns with less volatility.
Lockheed Martin (NYSE: LMT) is the perfect defense stock for you to buy right now. It has steady contracts with the U.S. and its allies around the world, and its stock is currently in a 23% drawdown. The stock market may be worried about potential lost contracts from European countries, and the stock has fallen with the broad market, but this is missing the forest for the trees.
Here's why investors can buy shares of Lockheed Martin and hold them forever.
