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ANALYSIS: Good entry point for defense

I'm a huge believe in defense stocks, and I think they are potentially poised to move higher again after we get past the mid-term elections. I think, regardless of the election's outcomes, #RTN, #HII, #NOC, and #LMT are in good position. If the Republicans hold the House, I think you could see a sharp move higher. And if the Democrats win, I think a small "relief rally" could happen since the expectations seem to be that the Democrats will win the house.


Either way, fundamentally, I don't see defense spending changing.

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#AMGN has some legal risk that has come to light, so I'm just going to dump it and take a very small loss. Price: $190.77

© 2018 by John Miller, Everybody Trades. 

 

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