Defense stocks are in focus today, following news that the U.S. and Israel attacked Iran over the weekend, with missile strikes killing Supreme Leader Ayatollah Ali Khamenei. In response, Iran promised retaliation and also threatened to disrupt the Strait of Hormuz. The shares of Lockheed Martin Corp (NYSE:LMT) were last seen up 4.4% to trade at a fresh record high of $692, while also sporting a 40% year-to-date lead. The stock is on pace for its biggest single-day percentage gain in over a month, with rece ...

European defense stocks fell in early trade after U.S. President Donald Trump said Israel and Hamas had agreed to the first phase of a cease-fire plan.This fall might be a small bout of profit-taking after a strong run for the defense sector, AJ Bell's investment director Russ Mould said."Russia's invasion of Ukraine in 2022 drove more investors to look at defense stocks and a subsequent heightening in geopolitical tensions in other parts of the world led various governments to spend more money on military ...