Lockheed Martin Corp (LMT) stock is up over 12% to $444.17 on Oct. 20 from an Oct. 5 low of $395.54. This is based on the Israeli-Hamas conflict and prospects of a wider Middle East war. Investors may think it's too late to get in, but LMT stock could still be considered cheap.
One thing is for sure. Lockheed Martin is a solid company based on its recent Oct. 17 release of Q3 earnings. Moreover, LMT stock does not appear expensive even after its recent jump.
