Northrop Grumman (NYSE:NOC) Could Be Struggling To Allocate Capital
s&p 500 is expected to reach 7000 points! Optimistic sentiment spreads on Wall Street, these industries may become the new hotspots!
From the recent us stock market trend, the three major "frontier technology" sectors are performing extremely strong, which are quantum computing, space satellite, and nuclear power concept stocks.
Will defense stocks in the U.S. soar against the trend? Bernstein: Trump's return to the White House may provide a boost.
① Analysts from Wall Street investment bank Bernstein claim that Trump's return to the White House could lead to a counter-trend rise in usa defense stocks; ② Analyst Douglas Harned believes that Trump's statements on nuclear deterrence, missile defense, and enhancing space capabilities will be bullish for defense contractors; ③ Although the new government departments may cut spending, Harned believes this is still uncertain, and increased export demand is a positive factor.
Trump is about to return to the White House, and Bernstein is bullish on U.S. defense stocks against the trend.
Investors have reason to be optimistic about the stocks of usa defense contractors.
Investors Can Be Optimistic About Defense Stocks Under Trump: Bernstein
Express News | Lockheed Martin Down 3.8%, Northrop Grumman off 2.6%, L3Harris Technologies Down 2%