January 6, 2026
Finance

Lockheed Martin and Healthcare Stocks Draw Spotlight Ahead of Earnings

QXO's Convertible Offering and McKesson's Upcoming Financial Results Highlight Market Activity

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Summary

In a recent segment on CNBC's "Halftime Report Final Trades," investors spotlighted major companies including Lockheed Martin, QXO, and McKesson. Lockheed Martin's shares appreciated following geopolitical developments, while QXO announced a significant convertible offering. Meanwhile, McKesson prepares for its next earnings report, supported by a recent analyst upgrade.

Key Points

Lockheed Martin gain followed U.S. operations involving former Venezuelan President Nicolás Maduro, with Q4 earnings set for January 29.
QXO announced a $1.2 billion convertible offering funded by Apollo, influencing investor interest.
McKesson received an Overweight rating and $960 price target from Barclays analyst Glen Santangelo.
McKesson’s fiscal Q3 2026 earnings are expected to rise to $9.28 per share on projected revenue growth to $105.98 billion.

During the "Halftime Report Final Trades" segment on CNBC, several high-profile stocks were identified as key investment opportunities by notable market participants. Jim Lebenthal, partner at Cerity Partners, selected Lockheed Martin Corporation (NYSE:LMT) as his recommended final trade. This optimism around defense-related equities reflected recent geopolitical events, notably the U.S. government's apprehension of former Venezuelan president Nicolás Maduro and his wife, an operation that occurred over the prior weekend. Such developments often underscore the strategic importance of defense contractors like Lockheed Martin, potentially influencing investor sentiment.

Lockheed Martin has further lined up the announcement of its financial results for the fourth quarter, which is scheduled to be released prior to the market opening on January 29. Investors and analysts alike anticipate insights into the company’s performance amid the evolving defense landscape.

Stephen Weiss, who serves as chief investment officer and managing partner of Short Hills Capital Partners, highlighted QXO, Inc. (NYSE:QXO) as his final trade. This choice follows the company's recent disclosure of a notable $1.2 billion convertible offering backed by Apollo, a strategic financing initiative that may impact the company's capital structure and future growth prospects.

In the healthcare sector, Joe Terranova, senior managing director for Virtus Investment Partners, put forth McKesson Corporation (NYSE:MCK) as his final trade. This endorsement comes in light of Barclays analyst Glen Santangelo’s initiation of coverage for McKesson on December 9, assigning an Overweight rating alongside a price target of $960. Such analyst support may provide additional confidence in the stock’s near-term trajectory.

McKesson is poised to release its fiscal 2026 third-quarter financials after the market closes on Wednesday, February 4, 2026. Analyst consensus forecasts the company will report earnings per share of $9.28, a rise from $8.03 recorded in the same quarter the previous year. Revenue projections estimate quarterly sales of approximately $105.98 billion, up from $95.29 billion year-over-year, indicating expectations of strong operational performance.

Regarding recent price movements, Lockheed Martin’s shares increased by 2.9%, closing at $511.57 on Monday, underscoring positive investor reaction amid favorable conditions. QXO shares experienced an even more pronounced gain, jumping 18.2% to settle at $23.30, reflecting market enthusiasm possibly linked to the convertible offering announcement. McKesson’s stock saw a marginal advance of 0.2%, ending the session at $824.92, demonstrating stability ahead of its forthcoming earnings release.

This range of stock activity reflects a mix of geopolitical influence, strategic corporate actions, and anticipated financial disclosures across defense and healthcare sectors. Investors are closely monitoring these factors as indicators of each company’s potential performance in the upcoming reporting periods.

Risks
  • Geopolitical events influencing defense stock valuations may introduce volatility to Lockheed Martin’s shares.
  • Convertible offering by QXO could dilute existing shareholder value or affect capital structure.
  • Analyst projections for McKesson carry inherent uncertainty pending official earnings release.
  • Broad market or sector-specific developments could impact stock prices prior to earnings announcements.
Disclosure
Education only / not financial advice
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Ticker Sentiment
LMT - positive QXO - positive MCK - neutral
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