Donald Trump: Lockheed Martin Costs Are "Out of Control"

According to President-elect Donald Trump, Lockheed Martin Corp.'s (NYSE: LMT) F-35 costs are "out of control." Once again, his tweet with that message has moved the market...

The real estate mogul took to Twitter this morning to air his grievances about the major aerospace defense company, claiming that "billions of dollars can and will be saved on military (and other) purchases" once he assumes office in January.

Donald Trump Lockheed Martin

Shares of Lockheed Martin stock immediately plunged more than 4% this morning - from approximately $259 down to roughly $248 - following the Twitter post. The tweet shaved roughly $4 billion off the company's market cap.

Donald Trump Lockheed Martin

Trump's early morning social media admittance today came just five weeks after he, alongside representatives from both the Pentagon and Lockheed, concluded negotiations on a ninth contract for F-35 fighter jets worth more than $6.1 billion.

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A Lockheed rep reminded Trump of that contract this morning, stating that the company has already invested millions of dollars to reduce the F-35 price, Reuters reported.

While some investors have expressed concerns about Trump's tweet and its effect on LMT today, there's absolutely no reason to panic.

The stock's drop was just a classic emotional pullback, after all...

Despite Donald Trump, Lockheed Martin Is a "Must-Have" Investment

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Lockheed's temporary pullback today is a prime example of an investor knee-jerk reaction when the president-elect expresses his views on a company.

It's important to keep in mind, however, that Trump has repeatedly said the U.S. military is "depleted" and that he wants to build it back up.

And because of Lockheed's undeniable necessity to the United States as a powerful industrialized nation, LMT is tapped into one of the biggest "unstoppable trends" of all time: "War, Terrorism, and Ugliness," according to Money Morning Chief Investment Strategist Keith Fitz-Gerald.

Fitz-Gerald, who has more than 34 years of professional investing experience, targets so-called unstoppable trends when choosing his best long-term investments. These are trends that - no matter what - will continue to persist for years to come...

Unfortunately, war is one of those. And Lockheed makes must-have products that militaries around the world are clamoring for...

In fact, Fitz-Gerald told Stuart Varney on FOX Business' "Varney & Co." program this morning that he'd be "looking to go for a buying opportunity" as shares like these fall...

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