Above: Banks investing in nuclear weapons
These 3 stocks will benefit from the nuclear arms race – Bank of America
Stock Markets (Dec 20, 2022,
The U.S. defense stocks are likely to continue outperforming the market, thanks to the ongoing conflict in Ukraine and a potential conflict in Taiwan, according to Bank of America analysts.
One particular area of the defense sector to be monitored closely is the one focused on the development of nuclear weapons.
“We expect concerns of nuclear proliferation to drive secular and governmental defense spending, particularly as the US moves away from nation-state conflicts, like in the Middle East, and focuses attention on near-peer threats. We expect US defense companies to see much of the upside from increased demand for nonstrategic nuclear weapons,” the analysts said in a client note……………….
As Europe lacks the industrial footprint the US has cultivated, we expect that US defense primes…
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