Here's Why Shares in Lockheed Martin Popped Higher Today

Recent events in Venezuela are seen as positive for defense stocks.Shares in the world's leading defense contractor, Lockheed Martin (LMT +2.44%), rose 3.5% on the opening of trading as the market rushed to buy into defense stocks in the wake of recent events in Venezuela. It's an understandable reaction to a ratcheting of geopolitical tensions and the creation of political uncertainty. A short-term impactEquating geopolitical upheaval with a more promising outlook for defense stocks makes sense, however un ...