Defense Stocks Fall While Oil Slides on Hormuz Reopening Report: Lockheed Martin and RTX Drop 3%, Boeing Dips

Quick Read LMT and RTX each dropped 3% after Iran offered to reopen the Strait of Hormuz, deflating the risk premium supporting munitions demand. ITA fell 1% while SPY held flat, confirming the selloff is concentrated in defense primes rather than the broader market. RTX has shed 10% and LMT 7% over the past month, making today's Hormuz headline an accelerant to a de-rating already underway. Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Boeing didn't make the cut. Enter your email to see the names that beat BA. The report is free. Enter your email and see if any of your stocks made the cut.