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…
NEW THIS WEEK: Huge Energy Discovery In Utah [sponsor]
The Department of Energy say it could power America for millions of years. And both grizzled oilmen and clean energy supporters love it: Energy Secretary Chris Wright called it "an awesome resource," while Warren Buffett, Jeff Bezos, Mark Zuckerberg, and Bill Gates are all directly invested. Here's the name of the company at the heart of it all.
Source: Daily Wealth’s Market Notes
