These defense stocks have tailwinds that will keep them moving up for awhile
Defense stocks with dividends have been surging in
popularity of late. There was a massive shift in the geopolitical scene once
Russia invaded Ukraine in February this year.
Assets invested in defense stocks grew at an incredible
pace. For instance, in June, assets and outstanding shares increased by more
than 50% in the Invesco Aerospace and Defense ETF.
Despite the markets being ravaged by inflation and
high-interest rates, defense stocks held up remarkably well. Add to that the
strong dividend yields, and you have an excellent investment option for
investors.
Naturally, the Russia/Ukraine conflict is fueling growth for
the defense sector, as nations are looking to beef up their defensive
capabilities. Billions of dollars are being invested by different countries,
which makes defense stocks tremendous bets at this stage.
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