Not Lockheed Martin Corporation (LMT) But RTX, Say A Lot Of People According To Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About As He Said Everyone Won From Trump’s Japan Deal. Lockheed Martin Corporation (NYSE:LMT) is one of the stocks Jim Cramer recently discussed.

Lockheed Martin Corporation (NYSE:LMT) is a key American defense contractor when it comes to the aerospace industry. Its fighter aircraft form the backbone of US air superiority. The shares have lost 11.9% year-to-date on the back of a major 10.8% dip in July after its Q2 profit dipped by a whopping 80% on the back of a classified $1.6 billion loss on a classified aeronautics project. Lockheed Martin Corporation (NYSE:LMT)’s Q2 revenue of $18.16 billion also missed analyst estimates of $18.57 billion. No wonder Cramer made the following remarks about the firm:

“RTX, by the way, pushed by a number of people, saying that’s the defense stock you want to be in, not Lockheed Martin.”

Source: Pexels

Previously, Cramer had advised viewers to stay long on Lockheed Martin Corporation (NYSE:LMT):

“I like Lockheed Martin too much to tell you to do that. Every time I see Jim Taiclet, I say to myself, why does anyone want to sell that stock with a 3% yield and a great book of business and a terrific CEO? No, you stay long, Lockheed Martin.”

While we acknowledge the potential of LMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.