Scalper1 News
Defense stocks are advancing amid increased military spending due to rising tensions in the Middle East and other regions. IBD’s aerospace and defense industry group rose to No. 12 out of 197 as of Wednesday, up from No. 37 six weeks ago. The rise of the 55-stock group roughly coincides with Congress’ approval of a $1.1 trillion budget that included an increase in defense spending. Foreign governments are also increasing purchases of U.S. military Scalper1 News
Scalper1 News