Lockheed Martin, Exxon Mobil And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners picked Lockheed Martin Corporation (NYSE:LMT) as his final trade.

Lockheed Martin and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), which owns Google Public Sector, announced on Thursday a strategic partnership to integrate Google's advanced generative artificial intelligence (AI) into Lockheed Martin's AI Factory ecosystem. The initiative aims to enhance the development, deployment, and maintenance of AI-driven solutions for national security, aerospace, and scientific fields.

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Shannon Saccocia of NB Private Wealth said iShares U.S. Industrials ETF (NYSE:IYJ) is down a little bit this year and offers some opportunity in a cyclical rebound.

Stephen Weiss of Short Hills Capital Partners named U.S. 2 Year Treasury, saying it's a good place to hide.

Joseph M. Terranova of Virtus Investment Partners said energy prices are going to be higher for the year and Exxon Mobil Corporation (NYSE:XOM) gets you the energy exposure that you need.

On Thursday, Morgan Stanley analyst Devin McDermott maintained Exxon Mobil with an Overweight rating but slashed the price target from $141 to $138.

Price Action:

• iShares U.S. Industrials ETF gained 0.8% on Monday.
• Lockheed Martin shares rose 1.2% to close at $446.71 during Monday's session.
• Exxon Mobil shares gained 1% to settle at $118.93 on Monday.

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