On this episode of Stock Movers:
- Lockeed Martin (LMT) shares rise. US energy and defense stocks jump as the eruption of war in the Middle East roils global markets following US and Israeli attacks on Iran. Defense stocks have rallied over the past year as global tensions ratcheted higher, and new conflict in the Middle East gives traders another reason to invest in the sector.
- Occidental Petroleum (OXY) shares rise. Shares of energy companies jumped Monday in trading as the conflict in the Middle East widened following the U.S. and Israel's strikes on Iran, pushing up oil prices.
- Norwegian Cruise Lines (NCLH) shares fall after the company said it expects full-year net yields to be little changed due to execution missteps in its commercial and deployment strategy. The company forecast earnings of $2.38 a share, less than the average analyst estimate of $2.59 a share.
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