Iran War Gold & Defense Stocks: Winners & Losers

Winners: Gold ($2,950, +8%), Lockheed Martin (+15%), Raytheon/RTX (+12%), Northrop Grumman (+18%), ExxonMobil (+22%), Oil ETF XLE (+20%). Losers: Delta Air Lines (-18%), United Airlines (-22%), Carnival Cruise (-25%), Marriott (-12%). Historical pattern: every war since 1970 — gold up avg 15%, defense stocks up 20-30%, airlines down 15-25%. Expert consensus: don't change 401(k) in panic.