Lockheed stock down after Q1 miss putting spotlight on ETFs with the biggest exposure (LMT:NYSE)

Lockheed Martin fell 4% in early trading after reporting results that missed Wall Street expectations on both revenue and earnings. The miss points to weaker-than-expected fundamentals at the largest U.S. defense contractor, with immediate pressure on the stock likely following the earnings disappointment.

Analysis

Lockheed Martin fell 4% in early trading after reporting results that missed Wall Street expectations on both revenue and earnings. The miss points to weaker-than-expected fundamentals at the largest U.S. defense contractor, with immediate pressure on the stock likely following the earnings disappointment.