As is well known, every war helps military enterprises. In this case, we have the beginning of another very big war in the Middle East. It’s disgusting, grisly for people in the war zone, but very profitable for companies in the United States. Big investors have already started to profit from the war.
Shares of US defense companies jumped in price amid fighting in Israel and the Gaza Strip.
Latest Live Update: Lockheed Martin shares are up more than 8%, Northrop Grumman is up more than 11%, its biggest percentage gain since March 2020, RTX is up more than 4%.
This seems to be just the beginning, both of the war and the growth of the big arms companies. Definitely investment in these companies will bring good profits in the coming months.
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