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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Has Lockheed Martin (LMT) Outpaced Other Aerospace Stocks This Year?

Zacks Equity Research

Investors focused on the Aerospace space have likely heard of Lockheed Martin (LMT), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.

Lockheed Martin is a member of the Aerospace sector. This group includes 37 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. LMT is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for LMT's full-year earnings has moved 5.72% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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Our latest available data shows that LMT has returned about 33.32% since the start of the calendar year. In comparison, Aerospace companies have returned an average of 20.76%. This means that Lockheed Martin is performing better than its sector in terms of year-to-date returns.

Looking more specifically, LMT belongs to the Aerospace - Defense industry, which includes 12 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 17.74% so far this year, meaning that LMT is performing better in terms of year-to-date returns.

Investors with an interest in Aerospace stocks should continue to track LMT. The stock will be looking to continue its solid performance.


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Lockheed Martin Corporation (LMT) : Free Stock Analysis Report
 
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Zacks Investment Research