$LMT-1.1% reported results today and beat market estimates on both revenue and earnings per share. Still, there was a decline today, I was expecting more the opposite 🤔
Lockheed Martin
LMTMarket Cap
102B
P/E
19.11
Div. Yield
2.99%
EV
120B
P/S
1.43
Payout
57.33%
I don't know the company, but I'll check it out. I'd also tend to say the opposite should happen. Sometimes the reactions are interesting :D
Strange development, I also tried to track it down, but to no avail. On Yahoo it's a mix of all sorts of opinions from manipulation, to the fall of big tech stocks. I think it will level out a bit tomorrow.
Hm, that's an interesting turn of events... I'd also bet on the opposite trend... what caused it?