Top defense stocks to invest in now range widely in market capitalization and include a newcomer to the public markets.
President Donald Trump’s election in November 2016 created what became known as the “Trump effect” that lifted the share prices of defense stocks. The president’s insistence that U.S. allies around the world ramp up their defense spending to conform with requirements of the North Atlantic Treaty Organization (NATO) helped to drive up the share prices of such companies.
With just two years before the next presidential election, investors may start to wonder whether defense stocks will remain on an upward trajectory. Poll results which show Democrats such as former Vice President Joe Biden and Sen. Elizabeth Warren beating President Trump if the run-off were held today indicate the policies that lifted defense stocks potentially could be reversed and send their share prices downward.
Does Turkey’s Attack Aid Top Defense Stocks to Invest in Now?
World conflicts seem to be escalating, with Turkish troops crossing their southern border with Syria to attack the ethnic Kurds, despite Turkey’s President Erdogan promising President Trump only a limited incursion into Syria to clear its border of terrorists. The Turkish troops ventured well beyond the border and have been killing Kurdish fighters who previously had operated in concert with U.S. soldiers in the region with the goal of keeping the peace.
A big risk is whether ISIS fighters, who had been held in prison camps and denied reentry into their home countries due to security concerns, may slip away and reconstitute the caliphate that had taken control of wide swaths of land and imposed a reign of terror until they were ousted with the help of the Americans. President Trump’s announcement in early October that the United States would withdraw its troops from Syria precipitated the military offensive by Turkey that is endangering civilians, as well as imperiling the region’s security and stability.
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Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce,Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. Follow Paul on Twitter@PaulDykewicz.
