2 Buy-Rated Cathie Wood Stocks To Add To Your Portfolio

The U.S. Space Force has launched SpaceX’s Falcon 9 rocket with upgraded next-generation satellite GPS III-SV05 designed by LMT to orbit on June 17, 2021. Adding GPS III SV-5 as the 24th Military Code signal-enabled satellite will bring the other satellites in the GPS satellite constellation for allowing U.S. military force the global access to the jam-resistant signal and increased accuracy. LMT’s contribution toward Space Force’s Positioning, Navigation, and Timing Mission is expected to nurture their long-term partnership.

On June 2, NASA selected the VERITAS and DAVINCI+ missions for its Discovery Program to study Venus’ dense atmosphere, topography, and geologic processes in great depth. Planning to launch around the 2028-2030 timeframe, LMT will build and operate both the spacecrafts. NASA’s return to study Venus’ geology and atmosphere after more than three decades with DAVINCI+ and VERITAS will enable scientists to better understand the existence of past life and the greenhouse gas effect, thus providing clues about Earth’s own future. It will also help inform future missions to the planet. Both LMT and NASA have been working together for over 50 years, and are looking forward to their long-term partnership.

LMT’s net sales came in at $16.26 billion for the fiscal first quarter that ended March 28, 2021, which represents a 3.9% year-over-year improvement. The company’s total consolidated operating profit increased 2.8% year-over-year to $2.18 billion. Its net earnings have been reported at $1.84 billion for the quarter, up 7% from the prior-year period. LMT’s EPS increased 7.9% year-over-year to $6.56.

The consensus EPS estimate of $6.52 for the current quarter, ending June 30, 2021, represents a 12.7% year-over-year improvement. It has surpassed Street EPS estimates in each of the trailing four quarters. The consensus revenue estimate of $16.92 billion for the current quarter, represents a 4.3% rise from the prior-year period. The stock’s EPS is expected to grow at a 5.1% rate per annum over the next five years. LMT has climbed 9.1% over the past three months to close yesterday’s trading session at $382.90.

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