Good afternoon and welcome to Markets Desk.
Lockheed Martin is the defense story of the quarter. The company locked in a ten-year framework deal with the Pentagon for the F-35 program, and Morgan Stanley wasted no time responding, upgrading the stock to Overweight and lifting its price target from six hundred ninety dollars to eight hundred thirty-five. Visibility on a decade of orders is exactly the kind of revenue certainty that gets analysts moving.
Shifting to tech, Nvidia is no longer just a chipmaker sitting on cash — it's becoming an active equity investor. The company deployed forty-two point four billion dollars in equity securities in just the first half of fiscal twenty twenty-seven, a more than thirty-fold jump from one point two-five billion a year earlier. Its three billion dollar stake in Meta is drawing headlines, but the broader portfolio shift is the real signal about where Nvidia sees the next wave of value.
And in cybersecurity, Fortinet is under pressure after earnings revealed a meaningful slowdown in one of its core business segments, dragging the broader sector lower with it. When a bellwether stumbles on growth, the market tends to reprice the whole space, and that is exactly what traders are doing today.
That's the tape. Markets Desk, signing off the floor.
