Jim Cramer Advocates For Investment In Lockheed Martin, Raytheon And Other Defense Stocks Amid US Arms Stockpile Rebuilding
Portfolio Pulse from Benzinga Neuro
CNBC host Jim Cramer suggests investing in defense stocks as the U.S. plans to rebuild its arsenal capacity. He believes that defense companies like Lockheed Martin, Raytheon, Boeing, Northrop Grumman, General Dynamics, and L3Harris Technologies present worthy investment opportunities. Cramer also highlighted L3Harris Technologies as potentially the best investment due to its acquisition of Aerojet Rocketdyne.
October 25, 2023 | 9:48 am
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POSITIVE IMPACT
Boeing Co could see a positive impact due to the anticipated increase in defense budgets.
As a major defense contractor, Boeing Co stands to benefit from increased defense spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
General Dynamics Corporation could see a positive impact due to the anticipated increase in defense budgets.
As a major defense contractor, General Dynamics stands to benefit from increased defense spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
L3Harris Technologies Inc could see a positive impact due to the anticipated increase in defense budgets and its acquisition of Aerojet Rocketdyne.
L3Harris Technologies, due to its acquisition of Aerojet Rocketdyne and being a major defense contractor, stands to benefit significantly from increased defense spending.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Lockheed Martin Corporation could see a positive impact due to the anticipated increase in defense budgets.
As a major defense contractor, Lockheed Martin stands to benefit from increased defense spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Northrop Grumman Corporation could see a positive impact due to the anticipated increase in defense budgets.
As a major defense contractor, Northrop Grumman stands to benefit from increased defense spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Raytheon Technologies Corporation could see a positive impact due to the anticipated increase in defense budgets.
As a major defense contractor, Raytheon Technologies stands to benefit from increased defense spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80