The American company has played an outsized role in Tel Aviv’s bombing and invasion of Gaza since Oct. 7.
by Nick Cleveland-Stout, Responsible Statecraft
Over the weekend, Iran launched over 300 missiles at Nevatim Air Base, a base in southern Israel that houses U.S.-made F-35 fighter jets. Israeli Prime Minister Benjamin Netanyahu, who oversaw a strike on an Iranian consulate in Syria just a few weeks ago, has already promised to retaliate. Observers viewed these brewing tensions with concern, ringing the alarm bells of the breakout of a wider war.
Not JP Morgan analyst Seth Seifman. On Monday morning, Seifman upgraded JPMorgan’s outlook from “hold” to “buy” for Lockheed Martin, the manufacturer of Israel’s F-35s, and set a higher price target for the stock.
Seifman says the change was pre-planned, but noted that these developments could be good for business. “What we can say is that it’s a dangerous world and while that is not a sufficient condition for defense stocks to outperform,” he said, “it is a potential source of support, especially when they are under-owned.” JP Morgan owns $355 million worth of Lockheed Martin stock, about a third of which was bought in the last quarter of 2023.
Recent Posts
These Billionaires Have Already Spent $19 Million In A Bid To Defeat Mamdani
Take Action Now Michael Bloomberg and anti-DEI pundit Bill Ackman are just two of the many billionaires showering cash on Cuomo.By Mike Ludwig,…
Does The House Have The Grit To ‘Block The Bombs’ To Israel?
Take Action Now Lawmakers returning from recess have a chance to do what their constituents are telling them to — stop US complicity in Gaza……
The Moral And Strategic Idiocy Of The DNC
Take Action Now At its meeting this week, the DNC opposed a ban on U.S. provision of offensive weapons to Israel.By Harold Meyerson, The American…
From Guernica to Gaza, Mass Killers Have Been Above It All
Take Action Now The Detached Cruelty of Air PowerBy Norman Solomon, Tom Dispatch Killing from the sky has long offered the sort of detachment that…