WATCH THIS ‘OFFENSE’ STOCK WHEN TENSIONS RUN HIGH
Today’s chart highlights the potential of defense stocks…
In the past, we’ve noted that the U.S. is constantly involved in military action. Defense contractors supply the weapons and technology needed to fight these battles…
And with so much government spending on foreign conflicts, we’ve said these companies might as well be called “offense” contractors.
Right now, one military giant is riding this trend…
We’re talking about Raytheon (RTN).
This $61 billion company makes precision weapons, military electronics, and other defense products.
And the business of war is going strong…
Raytheon recently reported its 2017 annual revenue increased 5% over the year before. In the fourth quarter alone, Raytheon drew around $6.8 billion in net sales – up 8% from the same quarter in 2016.
As you can see in the chart below, Raytheon shares are up nearly 45% over the past year, soaring to new record highs. As the government continues to spend more on defense, expect shares of this “offense” contractor to keep surging…
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Source: Daily Wealth’s Market Notes