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It’s no secret that aerospace and defense stocks have been some of the market’s best performers this year so far. Building off a President who is very supportive of the military, rising global tensions with nuclear powers and a more significant defense budget/government spending, the sector has had favorable winds at its back for roughly a year. That’s led to some pretty outstanding gains for stocks in the sector, not to mention plenty of profits.
But the aerospace and defense sectors’ best days could be ahead.
As those three catalysts have continued, the sector is heating up through M&A, buy-outs and a whole host of other activities that will have gains and profits staying for years to come. For investors, the aerospace sector is still an excellent place for their portfolios.
Click here to check out the Top Five Aerospace and Defense Stocks to Arm Your Portfolio.
Specific sectors have just been significant winners since the election of Donald Trump, and the players in the defense industry have been one of those segments. On the campaign trail, Trump made plenty of promises about higher military spending and restoring America’s aging fleet of warplanes, hardware and other tech. So, the sector was a natural winner as a ‘Trump Bump’play.