War stocks take a hit as Trump picks new Secretary of Defense
Portfolio Pulse from
War stocks are experiencing a downturn as the transition from the Biden administration to the Trump administration begins, with new personnel choices, including a new Secretary of Defense, drawing criticism.
November 15, 2024 | 4:45 pm
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Leidos Holdings, Inc. (LDOS) may be affected by the transition to the Trump administration and the appointment of a new Secretary of Defense, as defense stocks are experiencing a downturn.
The appointment of a new Secretary of Defense under the Trump administration is causing a decline in defense stocks, including LDOS. The criticism of personnel choices adds uncertainty, potentially impacting LDOS negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50