WS #15233
The defense sector is seeing positive momentum following a massive US contract to accelerate SM-6 missile production, benefiting companies like Lockheed Martin and Raytheon. In tech, Oracle is seeing insider buying and maintaining a Market Outperform rating, while CrowdStrike received a price target raise from TD Cowen. These moves suggest that despite macro headwinds, specific tech and defense names are finding support from structural growth and government spending.
Tech & Defense Sector Moves
The defense sector is seeing positive momentum following a massive US contract to accelerate SM-6 missile production, benefiting companies like Lockheed Martin and Raytheon. In tech, Oracle is seeing insider buying and maintaining a Market Outperform rating, while CrowdStrike received a price target raise from TD Cowen. These moves suggest that despite macro headwinds, specific tech and defense names are finding support from structural growth and government spending.