Closing Bell Movers: Defense stocks surge on Trump military budget comments

Stock futures were mixed following a mixed trading day as investors took profits and shifted focus to this week’s economic data. Meanwhile, comments from President Trump that the 2027 military budget should be higher caused multiple defense stocks to surge after-hours.

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

• Constellation Brands (STZ) up 1.8%

ALSO HIGHER –

• Globus Medical (GMED) up 9.5% after providing guidance for Q4, FY25, and FY26
• Gap (GAP) up 4.1% after UBS upgraded the stock to Buy from Neutral
• Sanara MedTech (SMTI) up 1.3% after receiving a Biasurge contract from Vizient

HIGHER AFTER TRUMP COMMENTS ON MILITARY BUDGET –

• AeroVironment (AVAV) up 8.6%
• Lockheed Martin (LMT) up 6.4%
• Northrop Grumman (NOC) up 5.7%
• L3Harris (LHX) up 5.3%
• General Dynamics (GD) up 4.3%
• Huntington Ingalls (HII) up 3.7%
• RTX Corp. (RTX) up 3.5%

LOWER AFTER EARNINGS –

• Resources Connection (RGP) down 11.6%
• Franklin Covey (FC) down 10.2%
• Jefferies Financial (JEF) down 2.7%

ALSO LOWER –

• Immuneering (IMRX) down 21.9% after reporting overall survival and safety data from its atebimetinib trial
• Phathom Pharmaceuticals (PHAT) down 12.1% after announcing a common stock offering and raising its FY25 revenue guidance