Increasing worries over geopolitical instability have led to significant attention to defense stocks. The recent assault on Israel by the militant group Hamas has heightened tensions in the Middle East. Defense companies should benefit as countries increase their defense spending amid rising geopolitical tensions.
Therefore, it could be prudent to buy fundamentally strong defense stocks Huntington Ingalls Industries, Inc. (HII), RTX Corporation (RTX), and Lockheed Martin Corporation (LMT) to give your portfolio some resilience.
