Analyst Price Targets — LMT
Latest News for LMT
Conflict in the Middle East is prompting people to reduce risk. Defense companies can be safe havens during times of war.
Defense stocks are rallying on Monday after the attacks carried out by the U.S. against Iran over the weekend. Multiple members of Congress are among the shareholders of several of the top-performing defense stocks on Monday.
Major stock indexes turned mostly higher and oil and gold futures advanced Monday as markets reacted to fighting in the Middle East.
US defence stocks were in demand on Monday as Wall Street reacted to the US and Israel's war on Iran and the retaliatory strikes on regional allies including Saudi Arabia, Qatar and UAE. Shares in Northrop Grumman Corp (NYSE:NOC, XETRA:NTH) rose 4.9%, with Axon Enterprise Inc (NASDAQ:AXON) and RTX Corp (NYSE:RTX, XETRA:5UR) also both climbing over 4%.
US stock futures plunged Monday morning as oil prices spiked and investor uncertainty shook markets amid US-Israeli air strikes on Iran, while defense stocks like Lockheed Martin jumped.
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