U.S. Army Secretary Says Will Need Support From Congress To Best Support Both Israel And Ukraine
Portfolio Pulse from Benzinga Newsdesk
The U.S. Army Secretary has stated that they will need support from Congress to best support both Israel and Ukraine. This could potentially impact the defense budget and subsequently, related stocks.
October 09, 2023 | 4:03 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could see some impact from the U.S. Army Secretary's statement, as changes in defense spending could affect companies in the S&P 500.
The U.S. Army Secretary's statement could lead to changes in defense spending, which could affect companies in the S&P 500 and subsequently, the SPY ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The United States Oil Fund (USO) may not be directly impacted by the U.S. Army Secretary's statement, unless it leads to significant geopolitical changes affecting oil prices.
The U.S. Army Secretary's statement is unlikely to directly impact the USO ETF, unless it leads to significant geopolitical changes that could affect oil prices.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could potentially be impacted by the U.S. Army Secretary's statement, as increased support for Ukraine could affect European markets.
The U.S. Army Secretary's call for increased support for Ukraine could potentially affect European markets, depending on how the situation in Ukraine evolves. This could impact the VGK ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be impacted by the U.S. Army Secretary's statement, as increased support for Israel could boost Israeli companies in the defense sector.
The U.S. Army Secretary's call for increased support for Israel could lead to a boost in the Israeli defense sector. This could potentially increase the value of the EIS ETF, which includes Israeli companies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70