We recently published a list of Jim Cramer Recently Talked About These 15 Stocks. In this article, we are going to take a look at where Lockheed Martin Corporation (NYSE:LMT) stands against other stocks that Jim Cramer discussed recently.
On Tuesday, Jim Cramer, host of Mad Money, offered his perspective on the day’s market rally as he delved into the impact of the ongoing dynamic between President Donald Trump and Federal Reserve Chair Jerome Powell.
“All day, I heard that today’s rally was just a bear market rally, okay? That it was a phony spike, and the market will go right back down the moment the president posts that there’ll be no compromise on tariffs. Who knows, maybe Fed Chief Jay Powell should be deported.”
However, Cramer pointed out that the tone shifted significantly just after the market closed. In his words, “We get incredible news that is sure to drive this market higher.” The news came directly from the President, who clarified that he had no intention of firing Powell, a rumor that Cramer identified as a major factor in the prior day’s market slide. Trump’s statement, “Never did, never will,” regarding any plans to remove Powell effectively erased the cloud of uncertainty that had been hanging over the markets.
Given this reversal, Cramer questioned whether the rally could still be called a bear market bounce. In his view, it now looked like something more substantial. He explained that real recoveries are often mischaracterized at first. According to Cramer, they typically begin with what appear to be bear market rallies, short-lived, suspicious upticks that many investors brush off due to repeated disappointments in the past. He stressed that the early stages of genuine market turnarounds are often marked by disbelief and hesitation, with only the boldest or most reckless traders recognizing their potential early on. He added:
“Now look, just because the President doesn’t want a constitutional crisis and is going to keep Powell doesn’t mean we have more to go on. For example, there’s been no sign of change from the administration on the trade wars.”
Our Methodology
For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 22. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer on Lockheed Martin (LMT): “A Clean Beat but Dogged by Geopolitical Fears”
Cramer said that Lockheed Martin Corporation (NYSE:LMT) had become a focal point for fears of Elon Musk’s influence. He also highlighted the fears that DOGE politics might lead to reduced Pentagon budgets. He added:
“Things look even worse after the Trump administration picked Boeing over Lockheed for the military’s next big major fighter jet program. That was a big surprise. But the stock stabilized over the past couple months, and this morning, Lockheed Martin managed to turn in a decent set of numbers. Clean top and bottom line beat. In fact, they earned $7 and 28 cents. Wall Street’s only looking for $6 and 34 cents. That’s magnificent.
Cramer noted that Lockheed Martin (NYSE:LMT) shares dropped following the earnings report, falling as much as 3.4% by around 10:00 AM. However, things started to shift once the company’s conference call got underway at 11:00. Cramer pointed out that after the call began, the stock began to recover. It eventually moved into positive territory and ended the day with a slight gain. He added:
“I’d like to tell you it was something management said on the conference call that turned things around, and there were plenty of positives, but I think the rebound had nothing to do with Lockheed specifically. See, shortly before the call began at 11:00, a report… [said] that Vice President JD Vance offered to sell India Lockheed Martin F-35s during a meeting with the Indian Prime Minister today. If that comes to pass, it would be a nice order for Lockheed, and I wouldn’t be surprised if these fighter jets turned into a major chit in our trade negotiations with other countries. That’s how it has worked historically in the past.”
Lockheed Martin (NYSE:LMT) is an international company that works in the security and aerospace fields. It designs, builds, and develops advanced technology, products, and services used in defense and space.
Overall, LMT ranks 5th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of LMT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LMT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
