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Actionable news in LMT: LOCKHEED MARTIN Corp,

Lockheed Martin Is This Week's Potential Bear Stock


After announcing layoffs of 500 workers last month, this aerospace and defense company announced more job cuts this past week, which is on top of a reported company goal of a 30% reduction in overhead costs. Lockheed Martin will report earnings before the market opens on Tuesday, and it would be strange to see Lockheed Martin report earnings above estimates, as a company rarely announces such massive layoffs during a good quarter.

Besides these obvious cost-cutting measures, news reports have indicated that Lockheed Martin is having trouble delivering some of its government contracts on time. Failing to meet government contract deadlines often results in the loss of future revenue and can also...