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

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.

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