Why is Booz Allen Hamilton, Lockheed Martin, and other defense stocks dropping?

REDDIT.COMJun 18, 5:17 PM UTC
Why is Booz Allen Hamilton, Lockheed Martin, and other defense stocks dropping?

I have been in and out of BAH. I originally bought at about $78 sometime last year and then noticed it go to $84 and then come back down to $80 and so I just sold everything because I sensed it would go down further. I was right.

And so I set another limit buy for around $75 and it triggered a few months ago. From that point in time the stock has gone up to the $80 range down to the $73 range, up and down, and now it is in the high 60s.

As for LMT, I set a limit buy sometime last summer in the $400 range which never filled.

You would think that with all these wars going around, that these defense oriented companies would do well but there are somehow range bound.

Why are the wars not helping these stocks?

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