Defense Stocks on Safer Ground After the Midterm Elections [MSN Money]
Aerojet Rocketdyne Holdings, Inc. (AJRD)
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Source: MSN Money
© Public Domain / Wikimedia Commons The defense sector took it on the chin during October's selling pressure. There were many reasons for the move: Saudi Arabia, the midterm elections, lower government spending ambitions, potential changes on defense contract payment methods, and so on. It turns out that a split Congress and President Trump's intent on keeping military spending high likely will keep good times going for the defense sector and for the military industrial complex. Remember that the world is still a very unsafe place, and the midterm elections did little or nothing to change that. Issues are still out there regarding Syria and Iran, North Korea has reportedly cooled off on nuclear negotiations, the United States and China are in a trade war, and Russia and China are continuing to develop stronger weapons. With the U.S. budget set for the coming year, 2019 is likely to be a strong year on military and defense spending. Load Error 24/7 Wall St. has
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