5 Stocks to Watch in Energy and Defense as the Iran Conflict Unfolds

Tip Ranks
2026.03.16 00:42
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The ongoing conflict in Iran is impacting the stock market, particularly in the energy and defense sectors. Key stocks to watch include Lockheed Martin (LMT), which has seen an 11% increase due to high demand for defense contracts; Chevron (CVX), reaching an all-time high as oil prices rise; RTX Corporation (RTX), experiencing a 55% surge with expanded missile production; Northrop Grumman (NOC), benefiting from increased demand for stealth technology; and Halliburton (HAL), poised for future growth in oil services post-conflict. Analysts favor RTX as a strong buy with significant upside potential.