Given escalating global tensions and increased budgets, the defense industry appears poised for growth. Thus, investors could scoop up shares of fundamentally stable defense stocks, L3Harris Technologies, Inc. (LHX), Northrop Grumman Corporation (NOC), and General Dynamics Corporation (GD).
Recent foreign policy changes by President Trump regarding the Russia-Ukraine altercation have started raising concerns. The President has stated that Ukraine "should have never started the war", reversing three years of American policy towards Ukraine. Moreover, concerns about China's claim to Taiwan have also resulted in a heightened state of geopolitical uncertainty.
