A $106 Billion Package For Ukraine And Israel Is Tearing GOP Leadership Apart
Portfolio Pulse from Natan Ponieman
The election of Rep. Mike Johnson as House Speaker has sparked a dispute within the GOP over a $106 billion aid package for Ukraine and Israel. Senate Minority Leader Mitch McConnell wants to keep financial and military aid for both countries tied together, viewing them as threats to national security. However, Johnson believes Ukraine and Israel need to be treated separately. The outcome of this dispute could impact the stocks of defense companies such as Lockheed Martin, Boeing, Northrop Grumman, General Dynamics, RTX Corp, and Leidos Holdings, as well as ETFs like iShares U.S. Aerospace & Defense ETF, Invesco Aerospace & Defense ETF, and SPDR S&P Aerospace & Defense ETF.
October 30, 2023 | 11:26 pm
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NEUTRAL IMPACT
Boeing could see an impact on its stock due to the GOP dispute over the aid package for Ukraine and Israel.
As a major defense contractor, Boeing's business could be affected by changes in military aid policies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
iShares U.S. Aerospace & Defense ETF could be impacted by the outcome of the GOP dispute over the aid package for Ukraine and Israel.
As an ETF that tracks the aerospace and defense sector, ITA could be affected by changes in military aid policies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
Lockheed Martin could be impacted by the outcome of the GOP dispute over the aid package for Ukraine and Israel.
As a major defense contractor, Lockheed Martin's business could be affected by changes in military aid policies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75