Israel war boosts Lockheed Mar

2023-10-10

Israel war boosts Lockheed Martin, Northrup Grumman, other defense stocks

Israeli Prime Minister Benjamin Netanyahu said in a video on Saturday that Israel is "at war" and called for a massive military response. Additionally, on Sunday, Netanyahu told President Biden "We have to go in," according to Axios.

Shares of Lockheed Martin, Northrop Grumman, RTX and General Dynamics all rose as investors speculate how the U.S. made aid its ally which could include ordering more weapons.

Hamas terrorists struck Israel over the weekend in the deadliest attacks the country has experienced in decades. Israel's government has launched airstrikes on the Hamas-controlled Gaza Strip and is mobilizing military reservists in preparation for a response, while Hezbollah – an Iran-backed terror proxy based in Lebanon – has expressed support for Hamas and remains a threat on Israel's northern border. $Lockheed Martin(LMT)$

Will oil and gold surge with escalating conflicts?

Turkey President’s claim that Hamas is not a terrorist organisation, sparking 7% fall in Istanbul benchmark. The heating disputes exacerbate the conflicts and raise concern on US stock market. -------------- Will the Israel-Hamas conflict suppress stock market again? Will oil and gold prices surge after Turkey's statements?

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