While the nation is generally, significantly, polarized with Donald Trump as President, the reaction of Wall Street has been nothing if not positive. As Trump’s policies emerge and new actions occur, it’s nice to analyze how the markets continue to behave in the wake of his being at the helm of affairs. So, every now and then, we will do this exercise of looking at stocks that are finding favour with analysts on Wall Street and see if, and how, this list changes over time.
So here goes:
Lockheed Martin Corp (NYSE: LMT)
Confidence Meter for the stock is 78%
While the current price stands at $276.89, the weighted consensus price target is at $278. This price target was reached when the stock was still in the 260s so one can see how quickly it has gotten close to it!
Confidence Meter for the stock is 56%
The current price stands at $82.93 and the weighted consensus price target is at $89.3.
United States Steel Corp (NYSE: X)
Current Confidence Meter stands at 70%. It has risen and fallen a few times over the last couple of months. It was at 60% in early April and went up to 68% before falling back to 61% around end of April. Then it fell to 59% a month ago in May before recovering and rising all the way to 70% on June 11.
Current price is $22.19 and target is $35.25!
Confidence Meter has risen recently to 57% from it’s April-May level of 52%.
Last couple of months the price has gone from $96 to $106 but the price target is still further up at $120.
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