3 Winners, 3 Losers Since the Shutdown

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Loser: Lockheed Martin

LockheedMartinLogo e1305045062401 3 Winners, 3 Losers Since the ShutdownReturn Since Shutdown: -4%

It’s hardly surprising that the shutdown has weighed on Lockheed Martin (LMT), considering it’s the world’s largest defense contractor by revenue. Since the budget battle remained unresolved on Oct.1, investors have backed out of LMT stock to the tune of 4% losses.

That total comes despite the fact that Lockheed bounced back slightly Monday, too. Since the Pentagon recalled its staff over the weekend, Lockheed trimmed the number of furloughed workers — but only from 3,000 to 2,400.

That’s not much solace considering defense contractor United Technologies (UTX) completely cancelled its furlough plans yesterday on the same news, though.

Still, Lockheed Martin has still been a winner for investors looking longer term. So far in 2013, LMT stock is nearly doubling the broader market’s climb.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/3-winners-3-losers-since-the-shutdown/.

©2014 InvestorPlace Media, LLC

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