www.veteranstoday.com Is US President Joe Biden taking notes from the Trump administration on jockeying defense stocks? The question has to be asked in view of American military industrial stocks getting boosted by all the play on the tensions in Europe.What other reason could there be for lighting the fuse on World War III? Let’s take a short look at the stock and investment play of late.
Let’s focus on Raytheon first. In January of 2021 the makers of the Javelin anti-tank weapons Washington gave Kyiv had a big problem. Stock hit a year’s long low of $65.02 as the year began. Then in October 2021 Russia warned NATO not to move on Ukraine membership. Boom! Raytheon shares hit $92.32.
There was yet another interesting selloff of Lockheed Martin Corporation stock that took place between October 25th and 26th. The other company making Javelin missiles climbed to over $376 dollars per share from $336, and the next day dropped to $331. Analysts covered the defense contractor attributing the selloff to slumping sales revenue.
