Lockheed Martin: Defense stocks belong in a diversified portfolio. Buying opportunity after the 30% correction!

In early March, the stock of defense giant Lockheed Martin was quoted at $690. This was at the outset of the Iran War. Soon after, the tide turned quickly as the market bet on a swift peace. It turned out to be correct. The Lockheed Martin stock plummeted by 30% to below $500. In my opinion, this has reached a level that makes the stock attractive for investors. Lockheed Martin can now fit into a diversified portfolio. Why? 1. The next geopolitical conflict is inevitable. 2. Lockheed Martin is a good hedge once technology stocks enter a correction....