From Yahoo Finance: 2025-03-31 14:09:00

Global defense spending reached a record high of $2.46 trillion in 2024, driven by budget increases in Asia, Europe, the Middle East, and North Africa due to security threats and easing inflation. Deadly conflicts in Ukraine and the Middle East have led to a surge in defense stocks, with European and Asian contractors seeing significant gains.

European defense stocks are thriving as capitals invest billions to strengthen their militaries, while American defense stocks have lagged due to concerns about budget cuts under the new administration. Analysts at UBS are optimistic about the sector, citing shrinking downside potential and differences from past challenges like Sequestration.

Trump’s announcement of a new fighter jet and plans to revive the shipbuilding industry have sparked investor interest in US defense stocks. SIFCO Industries, Inc. (SIF) gained 1.43% since March 24, following the appointment of Deloitte as its auditor. While SIF ranks 8th among gaining defense stocks, analysts favor AI stocks for higher returns in the short term.



Read more at Yahoo Finance: Why SIFCO Industries, Inc. (SIF) Is Gaining This Week?