The No. 2 Stock of 2024 Wasn't an AI Company – and the Pattern Is Repeating

Impact · against what's priced in

The reported record book-to-bill ratio for Lockheed Martin confirms existing revenue visibility but fails to provide the margin expansion evidence the market currently rejects. For Vistra, the Goldman Sachs data on data-center delays reinforces the demand narrative already baked into the price without providing the contracted revenue proof required for further upside.

LMT+0.00

Already priced in

The price assumes

The record $230 billion backlog, which guarantees current production volumes