On this episode of Stock Movers:
- Lockheed Martin (LMT) shares rise. Earlier this week, there was a report that the Department of Defense will cut its order of F-35s by half. Thursday, the Congressional Budget Office found that operating and support costs of F-35 fighter jets stabilized after a period of decline. That was in response to President Trump's order in April to review all major defense acquisition programs.
- Oracle (ORCL) shares gain. The stock was raised to outperform from market perform at BMO Capital Markets, citing confidence that the software company can grow its operating income.
- Visa (V) shares drop after the Wall Street Journal reported large merchants, including Walmart and Amazon.com, are exploring how to issue or use stablecoins to bypass the traditional fees of card-based systems.
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