LOCKHEED MARTIN weekly special report based On 1.00 Lot Calculation:
LOCKHEED MARTIN: ANALYSIS AND EVENTS
- Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration. Lockheed Martin operates worldwide.
- PRODUCTS: Mostly recognized products are: F-35, F-16, F-22 US fighter aircraft so as C-130 military transport aircraft.
- EARNING AND FINANCIALS: Lockheed Martin announced its earnings on Oct 17, 2023. Earnings per share was 8.125$ well above market forecast of 6.770$. Revenue was 16.878 billion dollars, also above market expectations of 16.757 billion dollars.
- PRICE REACTION SINCE HAMAS TERRORIST ATTACK ON ISRAEL: Since Hamas terrorist attack on Israel that took place on Oct 7, 2023, price of Lockheed Martin rose from 400,73$ on Friday, Oct 6, 2023to 444,86$ on Oct 26, 2023, which is 11.01% price change (Source: Bloomberg, MT4 platform)
- THE STOCK HAS TRADED AROUND 13.74% BELOW ITS ALL- TIME HIGH OF $506.84 (April 16, 2023). Lockheed was last trading around $444.86, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 13.74%, however the price could decline further.
- ANALYST OPINION: Citigroup forecasts $540. Vertical Research forecasts $500. Bernstein forecasts $500. Morgan Stanley forecasts $510. One-year Bloomberg consensus is at $483.16.
#LOCKHEEDM, October 27, 2023
Current Price: 444.86
LOCKHED MARTIN |
Weekly |
Trend direction |
|
500.00 |
|
480.00 |
|
460.00 |
|
435.00 |
|
420.00 |
|
410.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
Pivot Points |
||||||
Profit or loss in $ |
27,500.00 |
17,500.00 |
7,500.00 |
-5,000.00 |
-12,500.00 |
-17,500.00 |
Profit or loss in €² |
25,439.17 |
16,188.56 |
6,937.96 |
-4,625.30 |
-11,563.26 |
-16,188.56 |
Profit or loss in £² |
21,846.20 |
13,902.13 |
5,958.06 |
-3,972.04 |
-9,930.09 |
-13,902.13 |
Profit or loss in C$² |
37,462.15 |
23,839.55 |
10,216.95 |
-6,811.30 |
-17,028.25 |
-23,839.55 |
- 1.00 lot is equivalent of 500 units
- Calculations for exchange rate used as of 09:11 (GMT+1) 27/10/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more details