- Cryptocurrencies and commodities like gold and silver have rallied back to their February peaks, outperforming U.S. stocks in the first half of the year.
- European defense stocks are experiencing a sharp repricing, with companies benefiting from increased defense commitments and global tensions.
- Rheinmetall AG has seen a surge in stock prices due to reforms allowing Germany to increase its defense budget, with revenue reaching $2.7 billion in the most recent quarter.
- Saab AB’s stock has surged nearly 200% YTD due to a growing order book and accelerating profitability, with revenue projections for 2025 showing a 26% YOY growth.
- BAE Systems PLC, a British defense company, has a record backlog of orders and recently inked a $1.2 billion contract with the U.S. government, showing promising potential for a bullish breakout in the stock.
Read more at Nasdaq: 3 Defense Stocks Surging as Ukraine Tensions Deepen