DOGE coming: Beware these stocks that get the most revenue from the government

Investors should be wary of the impacts several companies may bear from the cost-cutting goals of President-elect Donald Trump's Department of Government Efficiency, or DOGE, according to TD Cowen. "The announcement of DOGE has led to concerns about future revenue and profitability of USG contractors," analyst Roman Schweizer said in a Friday note to clients.

In an effort to find companies that have the most at stake under potential DOGE actions, TD Cowen identified the publicly traded government contractors with the highest amount of dollars obligated in fiscal year 2023, both overall and by individual federal department. Take a look at the names below: The top defense contractors for the U.S.

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Beware these stocks that rely on government spending if Musk’s DOGE threatens budgetsMorgan Stanley's trading desk found stocks that are closely tied to government spending.
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