Citi makes the bull case for defense stocks and gives its favorite picks

Wall Street is under-appreciating the growth outlook for the defense sector, according to Citi. Witness the fact the SPDR S & P Aerospace and Defense ETF has risen about 6.1% year to date, lagging the S & P 500 's 9.6% gain. Nonetheless, Citi remains confident in "the bull case for defense." Fueled by "bdget gimmicks in D.C. and headlines in the media," many investors believe that U.S. defense spending has stopped growing, according to analyst Jason Gursky.

mountain Leidos Holdings over the last 12 months Citi is also bullish on Lockheed Martin . The prime contractor for the F-35 is a beneficiary of U.S. and rising European defense spending, according to Gursky. The analyst calculated European countries increased their defense spending by 13% year-over-year in 2023. Lockheed Martin's "emphasis on shareholder cash returns likely to continue," Gursky said.

mountain Science Applications International Corps. in 202

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data.
แหล่ง: wjxt4 - 🏆 246. / 63 อ่านเพิ่มเติม »

Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data. U.S. futures were mixed and oil prices fell. There were reports the Biden administration planning to raise tariffs on electric vehicles, semiconductors, solar equipment, and medical supplies imported from China. The S&P 500 rose 0.2% Friday.
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »

Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data.
แหล่ง: ksatnews - 🏆 442. / 53 อ่านเพิ่มเติม »

Stock market today: Global shares mixed after Wall Street's lull stretches to a 2nd dayWorld shares are mixed after Wall Street’s lull stretched into a second day.
แหล่ง: wjxt4 - 🏆 246. / 63 อ่านเพิ่มเติม »