Jim Cramer says investors should have these four defense stocks on their shopping lists
CNBC’s Jim Cramer said Thursday that he’s bullish on the defense industry and has four stocks in mind that he believes are investable.
“The Russian invasion of Ukraine is a game-changer for the defense industry, and you’d really have to be clueless not to notice,” the “Mad Money” host said.
Here is Cramer's list of four investable defense stocks:
1. $Raytheon(RTN.US$
2. $Lockheed Martin(LMT.US$
3. $AeroVironment(AVAV.US$
4. $Northrop Grumman(NOC.US$
2. $Lockheed Martin(LMT.US$
3. $AeroVironment(AVAV.US$
4. $Northrop Grumman(NOC.US$
Cramer also noted that the iShares US Aerospace & Defense ETF and the Invesco Aerospace & Defense ETF have year-to-date declines of around 4% and 5%, respectively, while the S&P 500 has plunged around 18%.
"This is just the beginning. If the defense contractors can hold up this well during the worst tape in years, I bet they can soar when the market gets a little less hostile," he said.
He added that the United States and countries in Europe will likely look to invest more in defense.
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