These 2 Drone Stocks Are Soaring on the Iran Strikes. Are They Buys?
2026-03-02 16:50:00 ET
Over the weekend, the U.S. and Israel attacked Iran, killing its leader, Ayatollah Ali Khamenei, and adding a new layer of uncertainty to global markets.
Oil prices spiked on the news as Iran is a major exporter of oil and controls the Strait of Hormuz, a key oil shipping channel. U.S. stocks were down initially on the news, but recouped most of their losses by late morning. Gold spiked as it's seen as a safe haven asset, and defense stocks rose as well, as is typical when war breaks out.
Two of the biggest winners were a pair of drone stocks , as drones are being used on both sides of the war. Those were Ondas Holdings (NASDAQ: ONDS) , which was up 10% and Elbit Systems (NASDAQ: ESLT) , which had gained 7% as of noon Monday.
NASDAQ: ESLT
ESLT Trading
-2.63% G/L:
$914.89 Last:
75,933 Volume:
$934.745 Open:
