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So as world markets plummet, Lockheed Martin soars

Posted on 8/5/24 at 11:02 am
Posted by EKG
Houston, TX
Member since Jun 2010
45222 posts
Posted on 8/5/24 at 11:02 am
Today’s/Black Monday numbers aside, of course ….

Why is one of the biggest military industrial complex stocks in the world pumping while the rest of the market is dumping?



Posted by lsuguy84
Madisonville
Member since Feb 2009
26272 posts
Posted on 8/5/24 at 11:03 am to
Middle East is about to kick off
Posted by mikesliveisacheater
Member since Nov 2009
1337 posts
Posted on 8/5/24 at 11:03 am to
Because the Middle East is about to blowup and they are the ones that will supply the bombs that do it.
Posted by Fun Bunch
New Orleans
Member since May 2008
127825 posts
Posted on 8/5/24 at 11:03 am to
Wag that dog baby
Posted by Bunk Moreland
Member since Dec 2010
66523 posts
Posted on 8/5/24 at 11:04 am to
Posted by loogaroo
Welsh
Member since Dec 2005
39490 posts
Posted on 8/5/24 at 11:05 am to
I wish Bannon was on War Room today.
Posted by OccamsStubble
Member since Aug 2019
8847 posts
Posted on 8/5/24 at 11:05 am to
Can’t we have an Any War at Any Time in Any Location for Any Duration Index Fund?

Posted by doubleb
Baton Rouge
Member since Aug 2006
41736 posts
Posted on 8/5/24 at 11:11 am to
Lockheed Martin is down today. Just over 2 points.
Posted by EKG
Houston, TX
Member since Jun 2010
45222 posts
Posted on 8/5/24 at 11:11 am to
Posted by EKG
Houston, TX
Member since Jun 2010
45222 posts
Posted on 8/5/24 at 11:12 am to
quote:

Lockheed Martin is down today. Just over 2 points.

Hence my qualifier/first sentence: “Today’s/Black Monday numbers aside, of course ….”
Posted by doubleb
Baton Rouge
Member since Aug 2006
41736 posts
Posted on 8/5/24 at 11:12 am to
The market hit record highs a week ago.
The market dropped severely after that.
Posted by castorinho
13623 posts
Member since Nov 2010
86487 posts
Posted on 8/5/24 at 11:15 am to
That screenshot is very misleading. show the X-axis.
Posted by castorinho
13623 posts
Member since Nov 2010
86487 posts
Posted on 8/5/24 at 11:18 am to
"JUST IN"


"up +23% in one month"


Posted by Don Quixote
Member since May 2023
4119 posts
Posted on 8/5/24 at 11:21 am to
Posted by lake chuck fan
Vinton
Member since Aug 2011
21228 posts
Posted on 8/5/24 at 11:22 am to
Would like to see how many in Congress have stock in the MIC.
Posted by TheFonz
Somewhere in Louisiana
Member since Jul 2016
22744 posts
Posted on 8/5/24 at 11:27 am to


quote:

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.
Posted by EKG
Houston, TX
Member since Jun 2010
45222 posts
Posted on 8/5/24 at 11:27 am to
LINK ]Lockheed Martin Up Nearly 4% In Overnight Trading Amid Escalating Tensions In Middle East And Global Market Sell-Off - Benzinga Financial News & Data
quote:

What Happened: The stock of the American aerospace and defense company has risen by almost 4% in overnight trading on Robinhood Inc.. This follows a week in which the stock has seen a nearly 9% increase.

The U.S. is increasing its military presence in the Middle East as a defensive measure to de-escalate tensions in the region, a White House official revealed on Sunday.

The recent assassination of Ismail Haniyeh, the leader of the Palestinian Islamist group Hamas, in Tehran, and a strike in Beirut that killed Fuad Shukr, a senior military commander from the Lebanese group Hezbollah, have heightened regional tensions.

There are concerns that the conflict between Israel and Palestinian militants in Gaza, which began last October, could escalate into a wider Middle East conflict. Iran and Hamas have accused Israel of Haniyeh’s assassination and have vowed revenge, raising the specter of further hostilities.


quote:

Why It Matters: The surge in Lockheed Martin’s stock comes amid a deepening global market selloff, with Japanese stocks experiencing a significant drop.

This has sparked concerns among top financial experts, including Mohamed El-Erian, the Chief Economic Advisor at Allianz. The situation has been further compounded by the appreciation of the Yen, currently trading at 145 to the dollar.

Despite the global market turmoil, Lockheed Martin’s stock has been on an upward trajectory, building on its strong performance in the previous week. The company was also among the top performers in the large-cap stock category last week.
Posted by Quidam65
Q Continuum
Member since Jun 2010
20484 posts
Posted on 8/5/24 at 11:31 am to
quote:

Can’t we have an Any War at Any Time in Any Location for Any Duration Index Fund?


Any fund that trades in defense stocks will qualify.
Posted by YouKnowImRight
Parts Unknown
Member since Oct 2023
2829 posts
Posted on 8/5/24 at 11:59 am to
Because at the end of the day, might makes right.

It's been that way throughout all of history. Only our sissified western elites are foolish enough to think human behavior can change just because they are in charge.

When there is a fight for survival, the warrior is king.

We're not to that point yet, but we need to be reminded why our own founding document took "provide for the common defense" so seriously.
This post was edited on 8/5/24 at 12:00 pm
Posted by theballguy
Member since Oct 2011
30259 posts
Posted on 8/5/24 at 11:59 am to
quote:

Because the Middle East is about to blowup and they are the ones that will supply the bombs that do it.



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