Trending Tickers host Jared Blikre talks today's hottest stock market movers with Yahoo Finance Senior Reporter Brooke DiPalma. Restoration Hardware (RH) plunges, Boeing (BA) announces a 7-year contract with Lockheed Martin (LMT), and food and snack company Conagra (CAG) narrows its outlook.

Anytime you have a big down day, you got to look at what's happening under the hood, but let's go after some of those numbers that really kind of spooked the street here.

Near-term demand is looking softer than the Bulls wanted. That's really what the headline is there.

So first cur cur first quarter revenue guide, what they're projecting for the first quarter, that is down 2 to 4%, and then fourth quarter revenue rose only 3.7% to 843 million. That was a little bit light there.

Bloomberg Intelligence, I got a quote from them saying, the outlook for a 2 to 4% first first quarter revenue decline following a fourth quarter miss, this just points to a a sharp drop in demand that could extend beyond the first quarter.

Um, this is intraday. Let me just go to a six-year, and I use six-year to show you what happened at the beginning of the pandemic.

Wow. When everybody was buying furniture.

Everybody, there's a huge home improvement boom and it's just kind of been from the upper left to the lower right, which is not what you want to see in a chart since then.

Let's take a look at Boeing and Lockheed Martin because the Pentagon has signed a seven-year contract with the companies to triple production capacity for the PAC 3 missile,

PAC 3 missile. So when you think about this, tripling production, they're they're obviously uh not too much reaction on the street, sort of a muted reaction, but Boeing is down about or rather up rather about 4.7%.

What do you make of this story?

Yeah, so this is this is kind of an incremental story. So, here's the deal.

There's there's a seven-year Pentagon production ramp agreement around this Patriot PAC 3 MSE missile program. And this is this whole deal is meant to help scale output much faster as demand for air defenses rise. And that's of course with all the geopolitical ramp that we've seen recently.

Here's why investors should care. This is really a capacity plus supply chain certainty story.

So, for Boeing, it supports a steadier defense, defense manufacturing growth lane, and then for Lockheed Martin, it improves the odds that it can actually hit some of those big targets.

Conagra, the food and snack company is seeing elevated costs from a volatile macro environment. They also sort of pointing out to higher inflation than expected during the quarter.

They did trim their full year earnings outlook to the low end over the range. They also said that consumers are just shopping less. They're under this economic stress.

Yes.

This is what we've been hearing about snack brands for years and years. It seems like these companies just cannot get ahead.