TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

LMT Stock Whipsaws After Trump Bans Buybacks, Then Calls For $1.5 Trillion Military Budget

Benzinga Logo Benzinga By Vishaal Sanjay
LMT Stock Whipsaws After Trump Bans Buybacks, Then Calls For $1.5 Trillion Military Budget

Lockheed Martin stock experienced significant volatility on Tuesday after President Trump criticized defense contractors' dividends and buybacks, causing a 4.82% decline. However, the stock recovered with a 6.3% overnight gain following Trump's subsequent announcement of a proposed $1.5 trillion military budget for 2027, up from $1 trillion.

Insights
JPMpK   neutral

Participating as lead bank in the bridge loan syndicate without significant additional context


LMT   neutral

Mixed signals with initial negative pressure from buyback ban (-4.82%) offset by positive outlook from increased military budget proposal (+6.3% overnight). Long-term impact remains uncertain pending policy implementation.