Travel and leisure stocks bore the brunt of investor anxiety on Friday after Israel launched airstrikes on Iranian targets, stoking fears of an escalating conflict in the Middle East. The strikes, aimed at crippling Iran's nuclear infrastructure, rattled global markets and sent oil prices surging, sparking a classic flight to safety.
Defense stocks, especially Lockheed Martin (NYSE:LMT), are in the spotlight following the recent assault by Israel on Iran's nuclear initiative. As the primary missile supplier to the U.S. government, Lockheed Martin holds a crucial position.
Defense stocks will be in the spotlight on Friday and in the coming days as investors focus on the ongoing crisis in the Middle East where Israel attacked Iran's nuclear sites.
Israel's attack on Iran is moving several assets early Friday, including defense stocks.
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