Dividends of an assassination: Stocks surge for weapons makers after drone strike on Iranian General
Almost immediately after the United States assassinated Iranian General Qassem Soleimani in a drone strike on January 2, major American weapons manufacturers and defense contractors, from Northrop Grumman to Lockheed Martin to Raytheon, saw their stocks surge as investors sensed the growing likelihood of another costly and deadly war in the Middle East. The surge in defense stocks was readily highlighted on corporate television programs like Fox Business and in publications like Investor’s Business Daily, which noted that “Northrop Grumman (NOC) and Lockheed Martin (LMT) were big winners in Friday’s stock market trading, along with Raytheon stock.” “Northrop Grumman...
Read More