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$LMT is a defense and aerospace company. This space is normally insulated from economic swings, as the US government spends a constant fraction of its budget on this industry. It can also be exposed to potential upswing with looming uncertainty over overseas conflicts in developing regions, such as the southeast Pacific and parts of the middle East.
Lockheed Martin lost billions in stock value due to fake Twitter account tweets with Twitter’s new altered verification policy. We believe that fake tweets don’t change company’s value long-term causing us to think that buying LMT now, when it’s underpriced due to tweets, is a great idea.