Updated 4 hours ago
Stocks to Watch Monday: RTX, Lockheed Martin, Disney, Occidental Petroleum
By
Quentin Webb
Deputy Finance Editor for Europe
↗️ RTX (RTX), Lockheed Martin (LMT): Defense stocks jumped in early trading as investors reacted to the Israel-Hamas war. Energy stocks such as Occidental Petroleum (OXY) also surged, echoing a runup in oil prices.
Stock markets experienced a surge on Monday as investors closely followed developments in the Israel-Hamas war. Defense stocks, including RTX (RTX) and Lockheed Martin (LMT), showed considerable gains in early trading.
As tensions escalated in the Middle East, investors quickly turned their attention to companies involved in defense and security. Shares of RTX and Lockheed Martin jumped as the conflict intensified. Analysts predict that these defense stocks will continue to see increased demand as governments prioritize military spending amid rising geopolitical uncertainties.
A similar trend could be observed in the energy sector. Occidental Petroleum (OXY) experienced a surge in its stock price, mirroring the recent rise in oil prices. The conflict in the Middle East has fueled concerns about potential disruptions in oil supply, leading to a jump in crude oil prices.
Occidental Petroleum, a major player in the energy industry, saw its shares rise significantly as investors anticipated increased demand for oil and energy products amid escalating tensions. As fears of potential supply disruptions continue, experts believe that energy stocks may experience further growth in the coming days.
Investors are keeping a close eye on the conflict in the Middle East, as its impact on various sectors becomes increasingly evident. While defense and energy stocks may benefit in the short term, the broader market remains uncertain as geopolitical tensions persist.
Other notable stocks to watch on Monday include Disney (DIS), which is closely followed by investors as the entertainment giant seeks to recover from the ongoing challenges posed by the global pandemic. Disney’s stock performance could indicate how well the company is navigating the complexities of reopening theme parks and restoring its movie business.
As markets remain volatile, investors will continue to monitor the situation in the Middle East and assess the potential impacts on various sectors. The stock market’s reaction to the Israel-Hamas war will likely shape investor sentiment and influence trading decisions throughout the week.
Updated 4 hours ago
Stocks to Watch Monday: RTX, Lockheed Martin, Disney, Occidental Petroleum
By
Quentin Webb
Deputy Finance Editor for Europe
↗️ RTX (RTX), Lockheed Martin (LMT): Defense stocks jumped in early trading as investors reacted to the Israel-Hamas war. Energy stocks such as Occidental Petroleum (OXY) also surged, echoing a runup in oil prices.