Lockheed Martin (NYSE:LMT) today announced the successful first flight of the F-16 Block 70 at its Greenville, South Carolina site.
The flight occurred Jan. 24 at 9:17 a.m. ET, with
Netflix, Inc. (NASDAQ: NFLX) shares jumped nearly 8.5% on Friday before settling at their highest level since April 19, 2022, when shares plunged after the company reported its first loss in net paid subscriber adds in a decade.
Morgan Stanley analyst Kristine T Liwag said after defense stocks closed up 20% in 2022 versus the S&P down 19%, the sector has since underperformed the broader market by 6.5% in the new year.
US stocks look set to start Friday’s session on a nervous note as the recent gains introduce caution amid traders. The trading direction could also hinge on the earnings reports from big banks and the results of the University of Michigan's consumer sentiment survey.
Treasury Partners’ Richard Saperstein is out with his three best ideas for 2023. A pair of his top picks are up more than 30% year-to-date despite the market being on track to log its worst year since 2008.