Who’s buying LMT at today’s prices?
By - houndhair
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I already bought more yesterday
Reply to myself: "Bought even more today again"
I am not but I think it makes sense if someone does.
Would be pretty cool if you did
LMT ain't a bad company by any means, but RTX is my favorite aerospace/defense firm by far
Can you provide justification? I’m long LMT RTX GD HII but looking to potentially drop 2.
Bought one share today
I bought a share today for $339.00, don’t mind the downtrend because it keeps giving me the opportunity to buy more.
Not me. Won't touch it.
I favor naval ship builders like GD & HII due to Biden's desire to militarize the cold war with China. And for aerospace, communications & military tech I think Raytheon and L3 Harris are better at having civilian infrastructure business than Lockheed.
Bought a year and a half ago at the lows, never thought itd dump there again, but here we are. Bought more today 👍
I just bought some last week I do want more not sure if I should do it now or wait
Oh wow I hadn’t noticed it was trending down so much, definitely will pick some more up.
I bought on payday in my 401k and of course it went lower today. just happy to get a bargain on it. will continue to buy as long as it stays this cheap
I think it may have a little further to drop but it’s worth accumulating here.
I don’t have the available cash at the moment or I would.
I am looking at ABBV…trying to decide what is the best price to buy.
I like ABBVIE where it’s at now, been buying more of it too at these prices. When I see it at or below $107 i buy if I can
You think ABBV is a dividend trap? Why’s that?
ABBV has a 9/17/21 Schwab Equity Rating of A and a Beta of 0.81 (low risk). I plan on buying some just trying to figure out at what price.
Beta does not mean less or more risk, just volatility
A beta less than 1.0 is less risk.
Risk is more about what is going on with the company.
Markets are unstable, inflation is high, military activity is winding down.
Don't see this as the time to be investing in defense contractors, personally.
Ok young one
Depends on your time horizon and goals. This is in my dividend growth portfolio. Personally, I like to buy good companies with safe and growing dividends when they are out of favor and undervalued.
So in a few months when LMT is on a up trend thats the time to buy than right?
I have been considering it, but i think there are still better options out there.
What makes you say that?
Slow growth and below 3% dividend. There a dividend Aristocrats and Kings out there doing better in both areas - and that's with a safer dividend.
The dividend aristocrat right now are not paying very well. All of the ones paying 3% or above have issues. For example, I love 3M, but their earnings are going to be eaten up by inflation in costs being greater than what they increased their prices, so I expect the stock to stay down for quite a while
Tons of REITs paying above 3% are doing perfectly well. Other regular companies doing well too like AbbVie. 3M also isn't going anywhere, neither is their dividend.
Not only are they undervalued but they have a CAGR of about 10% for the div. Which others are undervalued or have actual growth right now besides maybe ABBV
You are correct. I regret buying LMT for all of those reasons. I'm down 8.82% since I bought, but I'm sure it will go back up so I'm holding.
Safer dividend? My dude, lmt is off the cycle
I want some but it's not ready to go up yet.
Here is a simple rule of investing: Don't buy defense contractors with democrats in power.
Youve got it backwards, buy defense contractors when democrats are in power (prices are low like today) and sell when republicans are in power (prices go up)
Like Buffet said be fearful when others are greedy and be greedy when others are fearful
When the Dems have maybe 6 months left, that's about the time to buy.
I am not. I liquidated my LMT position a couple weeks ago. I check daily for signs of life. I am actually at 14% cash & cash equivalents, not high enough IMHO. If market doesn't settle, I will start trimming my big gainers regardless of their role in my portfolio. I have been adding ABBV, I should have waited like I am with LMT.
I did buy SJM earlier this week. I had trimmed my position to just 6 shares as a reminder to look at it. I showed some life and I got back in.
all this action kills your returns man
learn to sit on your hands or the market will crush you
I’m an active investor. It works for me. What I do isn’t for everyone. I review my holdings and trim profits when overbought and the trend turns bearish and try to add when oversold turns bullish. A large part of my portfolio is rarely touched.
You trim profits when overbought? Buddy you just sold a stock that is oversold and on a downtrend lol
On LMT? Or SMJ? SMJ worked well. LMT bit me, 300 shares tied up with options. Could have been worse, looking to get back in.
No war or climate disaster stocks. Hate me if you want.
Thanks for telling us. You’re conscience is clear
More profits for me!
Eat your profits when there is nothing left to eat Or breathe. Eat sands.
I bought more Ark(s)
Just bought another share yesterday. It's now my 5th largest holding.
Sold it all in early 2020. Been wanting to get back into it ever since and it's looking increasingly juicy. Of it drops a little more it gets into my weekly play money territory. Also eyeing RTX but compared to LMT they are trading at near ATH.
Any reason youre against Raytheon?
I've been buying DFEN for the last week. I think it's got lots of upside especially if economy begins to open with BA as it's top holding.