Seven experts select their best ideas among aerospace and naval contractors, drones, building security, biological threats and cybersecurity.
While short-term worries may pressure defense stocks, several top experts believe long-term geopolitical trends continue to point to strong growth. Seven MoneyShow.com contributors assess the sector, highlighting diversified ETFs as well as top individual stock ideas among aerospace and naval contractors, drones, building security, biological threats and cybersecurity.
The political drama continues to unfold in Washington, DC. But defense spending — which has been a hot button in the past — is now receiving bipartisan support. The Senate approved by a vote of 93-7 to spend $675 billion, up 3% year over year, on DOD programs such as Navy ships and submarines, F-35 aircraft and Black Hawk and Apache helicopters.
The budget backdrop for the Aerospace & Defense companies is certainly more positive than it was during the dark days of budget sequestration. Here are four Argus Buy-rated companies in the Aerospace & Defense sector that could benefit from a boost to defense spending: more