News Formal

Goldman warns these defense stocks could take a hit from Trump spending cuts

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 72%

Markets Nachrichten

Investment Strategy,Stock Markets,Booz Allen Hamilton Holding Corp

The firm said defense valuations are already high and forecasts that the U.S. defense budget will soon flatten out and then decline.

Shares of some aerospace and defense companies could fall under added pressure from President-elect Donald Trump's reduced government spending plans. Goldman is forecasting that the U.S. defense budget will soon flatten out and then decline, partly given that it's at an all-time high and that current geopolitical conflicts could potentially be met with a resolution.

Poponak maintained his sell ratings on Lockheed Martin , Northrop Grumman , L3Harris Technologies and Huntington Ingalls Industries . As of Monday, shares of these four names had taken a significant hit this month, with defense contractor Lockheed losing more than 13% and Huntington Ingalls plunging nearly 25% during this time.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

JPMorgan, Goldman Sachs stocks soar as Trump win signals financial deregulation, higher interest ratesJPMorgan (JPM) and Goldman Sachs (GS) both saw their stars rise in Wednesday’s premarket after Donald J.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Goldman says buy these stocks that are set to benefit most from Trump tax cutsThese companies could grow more quickly thanks to lower corporate tax rates, according to Goldman Sachs.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »