Palantir (PLTR) jumps 4% on news the company is being considered for a Golden Dome defense system similar to Isreal while the analyst at Lopp Capital upgraded the stock with a $155 price target. President’s Trump plan for a Golden Dome could cost up to $175 billion and looks to create a network of satellites, perhaps numbering in the hundreds, to detect, track and potentially intercept incoming missiles.

Profit-taking in the defense stocks. Lockheed (LMT) and Northrop Grumman (NOC) are both down 3% today after jumping on Friday following Isreal attack on Iran’s military and nuclear facilities followed by retaliations from Iran. Today Iran is signaling they are willing to come back to the negotiation table regarding their desires to build a nuclear weapon. Lockheed’s name is also in the news for possible contracts to build a Golden defense Dome over the US similar to Isreal.

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