Hello Investor, As if investors didn’t have enough to think about, the Russian invasion of Ukraine is adding even more volatility to the markets. As I write this, oil is trading above $120. And that’s down from its highs. Gold is over $2,000 an ounce. Russia has been “cancelled” from the global banking system. And the market is still dealing with the effects of inflation. This includes the supply chain bottleneck that is evident in a record number of container ships waiting to be unloaded. Even the crypto markets are bracing for regulation. It’s not the world that any of us wanted. But it’s the world we have. However, your portfolio doesn’t have to be another casualty to these unfortunate events. Sometimes the best defense is a good offense. But in this case the best defense is to buy defense stocks. Since the Russian invasion of Ukraine, the Biden administration is pledging $350 million in military aid. And this time we’re not going it alone. Many European allies are also pledging to increase their financial commitments to send arms and aid to Ukraine. That means this is the time for opportunistic investors to pounce on defense stocks. These are stocks that support the military industrial complex in the United States. Even in peace time, the defense department commands a significant portion of the federal government’s budget. So it’s logical to presume that more money will be spent to assist in our defense as well as the defense of other countries. These seven companies stand to see a sizable increase in revenue. This is likely to spill over into earnings which in turn will lead to a higher stock price over time. Here are seven defense stocks that you should be considering right now (View the 7 Defense Stocks to Buy as Global Tensions Continue to Grow) |
Matthew Paulson MarketBeat.com |
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