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Bank of America, investors, thrilled and delighted with the nuclear arms race « nuclear-news

admin by admin
December 23, 2022
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Bank of America, investors, thrilled and delighted with the nuclear arms race

Above: Banks investing in nuclear weapons

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 will be called upon to fill demand, reflecting a significant upside to these names,” they added.

Along these lines, the analysts see Northrop Grumman (NYSE:NOC), Boeing (NYSE:BA), and Lockheed Martin (NYSE:LMT) benefiting from the increased demand as these three have the largest nuclear operations.

“This reinforces our Buy rating on Northrop Grumman. We remain Neutral on Boeing and Lockheed Martin on account of continued supply chain challenges and operational hurdles,” the analysts concluded. https://au.investing.com/news/stock-market-news/these-3-stocks-will-benefit-from-the-nuclear-arms-race–bank-of-america-432SI-2747010

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December 19, 2022 –


Posted by Christina Macpherson |
business and costs, USA, weapons and war

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