From Zacks: The earnings season is off to a flying start with equity markets scaling record highs owing to a slew of upbeat economic data, strong corporate performance and President Donald Trump’s tax reform proposal.
From Tony Sagami: A momentous change happened last week. One that’s set to significantly change the balance of global power.
The iShares Dow Jones US Aerospace & Defense ETF (NYSE:ITA) was on the rise Monday morning, amid President Trump’s new arms deal with Saudi Arabia.
From Tyler Durden: As part of his proposed budget, President Trump will instruct federal agencies on Monday to assemble a spending plan for the coming fiscal year that includes sharp increases in Defense Department spending and “drastic cuts” to domestic agencies such as the State Department, the EPA and other non-defense programs.
From Joseph G. Carson: If President Trump’s promise to increase defense spending comes to fruition, it would sharply reverse the trend of the past five years—and have important implications for the outlook on US growth and inflation.
Analyst Brad Hoppmann examines Donald’s Trump’s latest tweetstorm that sharply affected several equities, and concludes that the pullback he created is actually a buying opportunity.
From Brad Hoppmann: In his 2007 book, “The Black Swan: The Impact of the Highly Improbable,” Nassim Nicholas Taleb gave the world a unique term to describe extreme outlier events.
Unfortunately, today’s news headlines are rife with “Terrorist Bombing in New York City” and “Airstrikes in Syria and Afghanistan” topics, which brings to mind a segment of ETFs that are directly linked to the so-called War on Terror.
Analysts at JP Morgan recently upped their view on several defense sector names, which could in turn benefit defense-focused ETFs as well.
There are three areas of the market bucking the early selling we have seen today. Particular investor interest thus far in the three areas of the market that continue to outperform: energy, semiconductors, and defense contractor-related companies.
NYSE:RTN, NYSE:LMT, NYSE:GD
NYSE:BA, NYSE:LMT, NYSE:GD
NYSE:LMT, NYSE:BA, NYSE:UTX, NYSE:GD