TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on quarterly results from Lockheed Martin (LMT), released on Tuesday before the markets open. Analysts expect the Bethesda, Maryland-based aerospace giant to report fourth quarter earnings per share of $2.94 on sales of about $12.4 billion. During the same quarter last year, the company reported net income of $3.01 with revenue of $12.5 billion. Lockheed Martin is a holding of Cramer’s charitable trust, Action Alerts PLUS. ‘The defense stocks have been weak as of late,’ Cramer said. ‘It’s actually not clear why because defense is probably unfortunately one of the long-term secular stories as everybody else rearms while the United States pulls back. We’re focused too much on the U.S. pulling back and not enough on the worldwide rearmament.’
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