by winston » Fri Dec 29, 2017 8:42 pm
MILITARY NEEDS ARE DRIVING DEFENSE STOCKS HIGHER
Today, we look at another booming defense contractor...
In the past, we've noted that the U.S. spends so much money on foreign conflicts that defense contractors could just as easily be called "offense" contractors.
Global tensions have been strained this year. And recently, President Donald Trump signed a $700 billion military budget into law. The business of war is still going strong...
For more proof, we'll look at Boeing (BA), one of the world's largest defense contractors. The company does produce commercial airplanes, but it's also known for its fighter jets, transport aircraft, missiles, and surveillance technology.
In the third quarter, Boeing booked $6 billion in new orders, including an initial contract award for the Ground Based Strategic Deterrent program. And recently – in a move that often signals financial health – the company raised its share-buyback program from $14 million to $18 million.
As you can see in the chart below, the stock is staging a powerful rally. So far this year, shares are up nearly 90%... And they recently hit all-time highs. Watch for this defense titan to keep thriving as military demand increases...
Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"