Stocks On the Move: Lockheed Martin Corporation, Tesla Motors Inc, and Citigroup Inc

U.S. stocks are solidly higher this afternoon, even after a contentious news conference with President-elect Donald Trump. Among specific equities in focus today are aerospace stock Lockheed Martin Corporation (NYSE:LMT), electric automaker Tesla Motors Inc (NASDAQ:TSLA), and big bank Citigroup Inc (NYSE:C). Here's a quick look at what's moving LMT, TSLA, and C.

• Shares of LMT are off 0.6% at $254.54, but were as much as 1.7% lower earlier, after Trump slammed the cost of the firm's F-35 program at his news conference -- echoing a mid-December tweet. Despite being down today, the stock is up an impressive 11.4% since putting in a near-term bottom in late October. A capitulation among bearish short-term options traders could create tailwinds for Lockheed Martin Corporation. The stock's Schaeffer's put/call open interest ratio (SOIR) is a top-heavy 1.65, and ranks in the elevated 83rd percentile of its annual range.

• TSLA has hired yet another Apple Inc. (NASDAQ:AAPL) engineer, with Chris Lattner coming on board to head the automaker's Autopilot program. At last check, Tesla Motors Inc was little changd at $229.88, but has been rising fast since its late-2016 double-bottom around the $180 level. A round of upgrades could be in the cards for the shares, potentially translating into further gains. Currently, 14 of 17 analysts rate TSLA a "hold" or worse.

• Ahead of next Wednesday morning's earnings report, C was downgraded to "sell" from "buy" at UBS, which also slashed its price target to $58 from $64. As a result, the bank shares are down 0.9% at $59.67, consolidating after a dramatic post-election breakout. Meanwhile, at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), traders have been placing bullish bets on Citigroup Inc at an accelerated clip. The stock's 50-day call/put volume ratio of 2.16 ranks in the 72nd annual percentile.