Defense Stocks are the Play for 2024

Good afternoon,

Are you already tired of the election? Too bad, things are just heating up.

In a few months, we’ll all know who’s going to be President of these United States for the next four years. But until then, it will be hard to avoid the constant news, polls, and commentary surrounding the election. Most of which is just noise.

That noise shouldn’t affect your vote, and it shouldn’t affect your investment strategy either. At least not if you invest in defense stocks.

Although the defense sector doesn’t qualify as an entitlement program, it’s one of the line items in the federal budget that only gets higher.

So when you hear that the Congressional Budget Office projects defense spending will decrease from 2.9% of GDP to 2.5% in the next 10 years, remember that is like saying the inflation rate moved from 3.3% to 3.1%. In absolute dollars, the amount our country will spend on defense will eclipse the $767 billion spent in 2023.

How could it not? No matter who wins the election in 2024, the current geopolitical climate has the government on the hook for wars on two fronts.

In this special presentation, we’re looking at seven stocks in the defense sector. Some of these are among the bluest of blue-chip stocks. That means they provide investors with reasonable expectations for both capital appreciation and solid dividend growth.

Whether or not you approve of the amount our country spends on national (and international) defense, it’s not going away. Your only decision is if you want to participate from an investment perspective.

View the 7 Defense Stocks That Don’t Need the Election to Move Higher

Don Miller
MarketBeat.com

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