Premarket Movers | Oil Stocks Rocket with Indonesia Energy up 38%; Defense Stocks Surge With RTX, Lockheed Martin up Nearly 8%; Precious Metal Shares Shine

TigerMar 2, 2026 9:20 AM

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Saturday's strikes on Iran by the U.S. and Israel will likely shine an even bigger spotlight on defense stocks and drone makers. Kratos Defense, Draganfly up over 8%; RTX, Lockheed Martin up nearly 8%.

Palantir stock jumped over 3% in premarket trading. Modern defense doctrine emphasizes ongoing modernization rather than static platforms. Sensors are refreshed. Software evolves. Networks expand.

Software-native companies like Palantir Technologies (PLTR) operate directly in that layer, providing analytics and AI systems through mult-year government contracts.

Oil stocks surged in premarket trading. Indonesia Energy up about 38%; US Energy up over 23%; Occidental up over 6%.

Oil futures jumped as much as 13% at one time and rose around 8% now .

Precious metal shares and ETFs jumped in premarket trading. US Gold, Blue Gold up over 5%; UGL, HYMC up over 4%.

Gold prices rose as much as 2% on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.

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