In only the first week of fighting, investors have already posted $69 billion in stock gains on the 33 major defense and aerospace stocks in the largest Exchange-Traded Fund (ETF) of its kind, the iShares U.S. Aerospace & Defense ETF (ITA), says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.
As Investors.com reports, Northrop Grumman (NOC) already pulled 9% past analysts’ 12-month price target on the stock. Shares are up a powerful 18% since the war began, putting $10.9 billion into investors’ portfolios. It’s a similar story with Lockheed Martin (LMT). Following a 27% run-up just this year, and 16% since the war, shares blasted past analysts’ price target by some 7%.
This is by design and the model has been in place for decades.
Hellbound and Down 