TSXV:MRS.H - Post by User
Post by
LongTbuffeton Dec 23, 2019 1:15pm
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Post# 30484449
Defence stock to soar in 2020
Defence stock to soar in 2020 WASHINGTON — Geopolitical uncertainty coupled with a colossal uptick in U.S. military spending could make defense stocks a winning trade once again in 2020.
Under the Trump administration, the space has left the broader stock market in the dust. The iShares U.S. Aerospace & Defense exchange-traded fund (ITA) has rallied more than 70% since Nov. 8, 2016. The S&P 500, meanwhile, is up around 50% in that time. This year has been no different. The ITA ETF has surged more than 30% in 2019 while the S&P 500 has gained around 27%.