Majority Of Americans Support Gaza Ceasefire, The White House Doesn't: Here's Why
Portfolio Pulse from Aaron Bry
A majority of Americans support a ceasefire in Gaza, but the White House is not ready to call for one. This situation is benefiting U.S. defense corporations as Israel is the biggest benefactor of U.S. military funding. Stocks of Rtx Corp (RTX) and Lockheed Martin (LMT) have risen by more than 15% and 10% respectively in the last month.
November 01, 2023 | 7:50 pm
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Lockheed Martin's stock has risen by more than 10% in the last month due to the ongoing conflict in Gaza and the U.S. government's stance.
The ongoing conflict in Gaza and the U.S. government's reluctance to call for a ceasefire is benefiting U.S. defense corporations like Lockheed Martin. As Israel is the biggest benefactor of U.S. military funding, the conflict situation is driving up the demand for defense equipment, thereby boosting the stock price of LMT.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Rtx Corp's stock has risen by more than 15% in the last month due to the ongoing conflict in Gaza and the U.S. government's stance.
The ongoing conflict in Gaza and the U.S. government's reluctance to call for a ceasefire is benefiting U.S. defense corporations like Rtx Corp. As Israel is the biggest benefactor of U.S. military funding, the conflict situation is driving up the demand for defense equipment, thereby boosting the stock price of RTX.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100