Boeing is going to be a very big stock over the next 12-18 months, analyst says
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Defense stocks have come under pressure as US lawmakers put spending under the microscope. The Gabelli Commercial Aerospace and Defense ETF Portfolio Manager Tony Bancroft and Baird Senior Analyst Peter Arment join Market Domination to discuss how to play the aerospace and defense sectors now. Bancroft says that “US defense spending is below historic averages,” but President Biden’s latest budget request has a notable increase in defense spending. Arment notes the US is trying to “recapitalize our entire military… that takes well over a decade to do.” He says that part of that focus is new technology, meaning there are “a lot of opportunities for new companies to be brought […]