Former hedge fund manager Chris Litchfield likes quality growth stocks that outperform in down markets.

Growing global defense spending and a recent sell-off make Lockheed Martin's shares intriguing.

Or, more precisely, up we went. Let's check the International Securities Exchange Call/Put Ratio, energy and Johnson & Johnson.

Wells Fargo put together a "recession portfolio" of stocks for this period of economic weakness.

'A hard landing [for the economy] has become our base case,' as indicated by the two-year Treasury yield, Wells Fargo says.

A down move on Monday probably sets up a very short-term rally but not a lot more.

I'll let someone else write the narrative of why the market goes up or down, but I'll tell you what I do know: We were oversold and sentiment was sour ... and we could rally again.

With geopolitical tensions on the rise, defense stocks and agriculture companies are in focus.

"For 2023, we again expect solid growth in our two most important measures of success: revenue and free cash flow," said CFO Jim Kavanaugh.

"I am deeply sorry for the impact to our employees and customers," said Southwest CEO Bob Jordan.

"We achieved these results while continuing to invest in broadband, our 10G network evolution, Xfinity Mobile, Peacock, and theme parks, and we also took cost actions to further our growth in the future," said CEO Brian Roberts.