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.
  • withabeard@lemmy.worldEnglish
    182·
    10 个月前

    Who’s to bet a load of shares get bought up, then suddenly this announcement is rescinded?

    • Monkey With A Shell@lemmy.socdojo.comEnglish
      51·
      10 个月前

      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.

      • MrEff@lemmy.world
        153·
        10 个月前

        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.

        • abrake@lemmy.world
          27·
          10 个月前

          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.

    • Sc00ter@lemm.ee
      111·
      10 个月前

      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

      • oyo@lemm.ee
        4·
        10 个月前

        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.

    • jmcs@discuss.tchncs.de
      8·
      10 个月前

      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contingent on China and Russia agreeing to half their defence budget too, the only thing to bet on is when it will be rescinded.