Analyst revises defense stock outlook as Trump presidency begins
Curtiss-Wright(CW) Finbold·2025-01-21 20:09
The second presidency of Donald Trump has brought quite a shake-up to the financial markets. While some industries, like cryptocurrency, have turned unequivocally bullish on account of the President’s support, others seem to be stuck in limbo — and defense is one such sector.Since Trump’s reelection, defense stocks have generally underperformed the wider market on account of uncertainty as to what Trump’s second term could bring. While he is unlikely to cut the U.S. defense budget, the Department of Governm ...