With the recent outbreak of the Israel-Hamas war in the Middle East, geopolitical tensions have surged - even as the ongoing Russia-Ukraine war that started in February 2022 is already straining Europe. When wars and conflicts break out, countries' defense budgets tend to increase, which is why defense stocks have all the attention now.
Even though defense stocks might have headline-driven appeal right now, it's important to concentrate on businesses that have strong fundamentals and the potential to produce steady, long-term growth. We'll talk about two of these Wall Street-recommended defense stocks here.
