Stocks to Watch Monday: RTX, Lockheed Martin, Disney, Occidental ... - The Wall Street Journal
Stocks to Watch Monday: RTX, Lockheed Martin, Disney, Occidental Petroleum
Markets Roundup The latest news & analysis
LIVE UPDATES
Stock Market Today: S&P 500 Slips as Israel-Hamas War Rattles Markets
Oil prices jumped and energy stocks gained
Last Updated:
Oct. 9, 2023 at 10:27 AM EDT Live Coverage Feed
Updated 1 hour ago
Nelson Peltz has amassed a $2.5 billion-plus stake in Disney. (Marco Bello/Bloomberg News)
↗️ RTX (RTX), Lockheed Martin (LMT): Defense stocks jumped in early trading as investors reacted to the Israel-Hamas war. Energy stocks such as Occidental Petroleum (OXY) also surged, echoing a runup in oil prices.
↘️ American Airlines (AAL), United Airlines (UAL): The stocks fell more than 4% in early trading, as oil prices rose and American Airlines, United and other carriers canceled flights to Israel.
↗️ Walt Disney (DIS): Nelson Peltz’s Trian Fund Management has become one of Disney’s largest investors with a stake worth upward of $2.5 billion and is planning a fresh push for board seats. Disney stock edged up in early trading.
Related Knowledge Center: ENERGY BASICS: nuclear
Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.