7 Stocks That Can Withstand a Taper Tantrum - 2 of 7

#2 - Lockheed Martin (NYSE:LMT)

Like KLA Corp, Lockheed Martin (NYSE: LMT) checks the boxes on a couple of different fronts. First, it delivers a high return on equity of over 123%. Second, it is one of the leading stocks in the defense sector. And with events unfolding as they are in Afghanistan, defense stocks are likely to perform very well. That is likely to serve as a buffer for the stock in the event that the Fed would begin to taper its asset-buying program.

LMT stock is up 24% since the beginning of the pandemic in March 2020. However, it’s been a choppy ride. The stock is down 8% since early June, but is flat in the 30 days ending August 26.

Analysts currently list the stock as a Hold and give the stock a 10% upside, but it’s clear that the analyst community has not yet considered how the recent geopolitical instability may affect LMT stock.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments. Read More 

Current Price

$456.05

Consensus Rating

Hold

Ratings Breakdown

4 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$493.36 (8.2% Upside)