Analysts predict boost for defense stocks post-Trump victory, positive.

From Investing.com: 2024-11-30 09:01:01

Analysts predict a boost for defense stocks post-Trump victory, expecting increased military budgets despite early rhetoric on cuts. Uncertainty surrounds Trump’s Department of Government Efficiency, co-led by Musk and Ramaswamy, but no significant issues for major defense contractors seen. Global demand for U.S. defense equipment surges due to security concerns in Europe. Key cabinet appointments signal strong defense policy continuation. Bernstein remains positive on defense stock outlook, highlighting potential beneficiaries like Lockheed Martin and Northrop Grumman.



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