This Defense Stock Outperformed Every FAANG Company Last Year

Every single one of the major technology giants saw their share prices fall by more than 25% last year, ending a decade-plus bull run that made these companies some of the most valuable in the world. Falling share prices for the technology giants brought down a lot of other stocks last year as well, some by as much as 80%. Enter Lockheed Martin (NYSE: LMT), one of the leading U.S. defense contractors, which saw its share price soar by over 40% during last year's bear market.