President Trump is reshaping the U.S. Navy, leading to a surge in Huntington Ingalls Industries stock after plans for a new frigate fleet were announced. The new fleet will be based on a successful U.S. Coast Guard design, potentially adding billions to Huntington’s revenue. Additionally, plans for a new battleship, USS Defiant, promise to be the most lethal surface combatant ever constructed. The ship will feature advanced weaponry, including hypersonic missiles and laser cannons. While costs could reach $14 billion, defense contractors like BAE Systems and General Dynamics are poised to benefit from the project. Stock Advisor has reported a total average return of 966%, outperforming the S&P 500’s 194%. If you had invested $1,000 at their recommendation, you would now have $1,157,689. Don’t miss out on their latest top 10 list for investing success. See the 10 stocks recommended by Stock Advisor. Returns as of January 4, 2026.

Rich Smith, a contributor, has no position in the mentioned stocks. The Motley Fool has positions in and recommends Boeing and RTX, and recommends BAE Systems. Disclosure policy can be found on their website. The author’s views do not necessarily reflect those of Nasdaq, Inc.

Read more at 1. Tesla reports record profits in Q3, with earnings of $1.86 per share, exceeding analysts’ expectations. The electric car company’s revenue also surged to $13.76 billion, a 57% increase from the previous year. – CNBC

2. Facebook’s parent company, Meta, saw a 13% drop in daily active users on its social media platforms, including Facebook and Instagram. The decline comes as the company faces scrutiny over its handling of misinformation and privacy issues. – Wall Street Journal

3. Amazon announces plans to hire 150,000 seasonal workers for the upcoming holiday season. The e-commerce giant expects a surge in demand for its products, as more consumers turn to online shopping amid supply chain disruptions. – Reuters

4. The Federal Reserve signals a potential interest rate hike in December to combat rising inflation. Chair Jerome Powell emphasizes the need to address price pressures, as the US economy continues to recover from the pandemic. – CBS MarketWatch: Who Will Build President Trump’s New Golden Fleet Battleships?