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link : Defense Stocks Are Booming This Year
Defense Stocks Are Booming This Year
CNBC: Defense stocks see huge surge – here’s how investors are playing them now
Shares of Lockheed Martin, Raytheon and Boeing hit all-time highs in Friday trading. And while some strategists and portfolio managers say they like defense stocks from a fundamental perspective, their near-term conditions and valuation as an industry offer some hesitations going forward.
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geopolitical tensions have given way to upside for the names; the S&P 500 aerospace and defense index is now pacing for its best weekly performance since May. Matt Maley, equity strategist at Miller Tabak, likes defense stocks on a longer-term basis but pointed to some issues more recently, on the back of the group's surge.
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WNU Editor: I have no investments in the stock market .... I prefer real estate, metals, and collectables. But it has definitely been an impressive run for defense stocks this past year. Here is an easy prediction .... governments are not going to slow down increases in their defense budgets for the foreseeable future.
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WNU Editor: I have no investments in the stock market .... I prefer real estate, metals, and collectables. But it has definitely been an impressive run for defense stocks this past year. Here is an easy prediction .... governments are not going to slow down increases in their defense budgets for the foreseeable future.
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