Defense stocks drop after Trump says Pentagon spending could be halved
Defense stocks drop after Trump says Pentagon spending could be halved
Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.
KEY POINTS
- Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
- Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.
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Who's to bet a load of shares get bought up, then suddenly this announcement is rescinded?
Playing the market based on the insanity dripping out of this guy daily, not a bad plan. If only there was some actual rhyme and reason to what he does.
The market manipulation is the rhyme and reason.
I was already going hard on AI stock, then day of inauguration when he sent the clear message of where tech companies stand in running this country I dumped ALL investment money into AI stock. If I have to live in this hellscape I better at least get to retire in it.
My brother, have you heard about the benefits of diversification? If you want to retire at all, don't put all your eggs in one basket.
If I invested in eggs I wouldn't be in this mess!
Everybody was panic buying ! Those stocks were fast as lightning!
In fact the buying was a little bit frightening.
But AI had expert timing.
Everybody was kung fu fighting.
dude, if you don't have anything to contribute just don't type
Dude... WHOOOSH!
No I got it, the song.
The thing is the first two posters changed the lyrics to fit the topic.
You just typed the lyrics to the actual song.
I bought lockheed martin call options after the way the steel markets rebounded
Edit: just checked volume on LMT. 2.4M today vs an average of 1.35M. Yeeeeeeah. Lot more buyers than usual today
Yay for incredibly immoral investments. It's disgusting how stock trading has been gamified and divorced from what it actually is, owning and supporting a company.
Since the entire thing is contingent on China and Russia agreeing to half their defence budget too, the only thing to bet on is when it will be rescinded.
Work it baby, work it. Insider trading on steroids, or rather Adderall.