LHX - Lockheed defense stocks offer no refuge in broad market selloff

Defense-exposed stocks were among the top decliners in the industrials sector on Tuesday, on worries that a recession might mean reduced government funding for projects.

( LHX ) -4.8% , ( HII ) -4.8% , ( GD ) -4.4% , ( NOC ) -4.4% , ( NYSE: LMT ) -4.1% , ( NYSE: RTX ) -4% in Tuesday's trading, although all are still higher YTD.

Investors looking for a smoother and more certain ride in the defense sector might prefer Lockheed ( LMT ), while those seeking growth stemming in part from commercial aviation might prefer the somewhat riskier Raytheon ( RTX ), Jim Sloan writes in an analysis posted recently on Seeking Alpha .

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