3 defence stocks Congress is betting on as Israel-Iran war heats up
The post 3 defence stocks Congress is betting on as Israel-Iran war heats up appeared on BitcoinEthereumNews.com. As the conflict between Iran and Israel escalates, several defense stocks that have grown in popularity among United States Congress members are reacting positively, posting notable gains. Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. This signal triggers based on SEC updates on all the trades that are made by US Congress members. Enable signal The stocks are surging partly due to their crucial role in providing military technology to the U.S. and its allies. The surge in geopolitical conflict in the Middle East has further amplified the potential demand for products these companies offer. Amid the market performance, attention has turned to the timing of purchases by several Congress members. The politicians have invested in companies like Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTX), and Northrop Grumman (NYSE: NOC), sparking debates about conflicts of interest as lawmakers influence defense budgets while holding significant investments in these companies. Below is how the equities are performing amid the geopolitical conflict. Lockheed Martin (NYSE: LMT) The share price of Lockheed Martin ended the latest trading session on October 1 at a new record high of $605, gaining over 3.6% for the day. Indeed, in recent months, LMT has been on an upward trajectory, recording returns of about 32% in 2024 alone. LMT YTD stock price chart. Source: Google Finance These gains have been rewarding for several politicians, such as Representative Kevin Hern, who made his purchase on June 15. His investment in LMT has gained by almost 30%. He purchased $1,001 and $15,000. Other politicians in the green on their LMT purchases include Representative Jared Moskowitz (29%) and Kathy Manning (37%). In addition to the politicians, LMT is also witnessing increased interest from institutional investors, with hedge funds taking center stage. …
The post 3 defence stocks Congress is betting on as Israel-Iran war heats up appeared on BitcoinEthereumNews.com.
As the conflict between Iran and Israel escalates, several defense stocks that have grown in popularity among United States Congress members are reacting positively, posting notable gains. Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. This signal triggers based on SEC updates on all the trades that are made by US Congress members. Enable signal The stocks are surging partly due to their crucial role in providing military technology to the U.S. and its allies. The surge in geopolitical conflict in the Middle East has further amplified the potential demand for products these companies offer. Amid the market performance, attention has turned to the timing of purchases by several Congress members. The politicians have invested in companies like Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTX), and Northrop Grumman (NYSE: NOC), sparking debates about conflicts of interest as lawmakers influence defense budgets while holding significant investments in these companies. Below is how the equities are performing amid the geopolitical conflict. Lockheed Martin (NYSE: LMT) The share price of Lockheed Martin ended the latest trading session on October 1 at a new record high of $605, gaining over 3.6% for the day. Indeed, in recent months, LMT has been on an upward trajectory, recording returns of about 32% in 2024 alone. LMT YTD stock price chart. Source: Google Finance These gains have been rewarding for several politicians, such as Representative Kevin Hern, who made his purchase on June 15. His investment in LMT has gained by almost 30%. He purchased $1,001 and $15,000. Other politicians in the green on their LMT purchases include Representative Jared Moskowitz (29%) and Kathy Manning (37%). In addition to the politicians, LMT is also witnessing increased interest from institutional investors, with hedge funds taking center stage. …
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