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Posted On: 05/22/2017 8:48:15 AM
Post# of 106781
Defense stocks roar higher on $110 billion US-Saudi Arabia weapons deal
These types of arms deals have caused defense stocks to rally in the past, according to CNBC analysis using Kensho.
One month after about 40 U.S.-Saudi Arabia arms deals — going back to 2009 — the iShares U.S. Aerospace & Defense ETF was up 3.3 percent, on average, according to Kensho.
Lockheed Martin is slated to be the biggest potential winner following this news, a note from Cowen said.
http://www.cnbc.com/2017/05/22/defense-stocks...-deal.html
These types of arms deals have caused defense stocks to rally in the past, according to CNBC analysis using Kensho.
One month after about 40 U.S.-Saudi Arabia arms deals — going back to 2009 — the iShares U.S. Aerospace & Defense ETF was up 3.3 percent, on average, according to Kensho.
Lockheed Martin is slated to be the biggest potential winner following this news, a note from Cowen said.
http://www.cnbc.com/2017/05/22/defense-stocks...-deal.html
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