Here's How Defense Investors Should React to the Blue Wave
Defense investors spent much of the second half of 2020 worried about a "Blue Wave" election in which the Democrats ended up in control of the White House and both houses of Congress. Defense titans including Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) each underperformed the S&P 500 by more than 25 percentage points in 2020 as the concern grew.
That fear became a reality on Jan. 6, when two Georgia runoff elections were certified and we knew for sure the Senate was officially changing hands. Appearing on Motley Fool Live on Jan. 6, Motley Fool contributor Lou Whiteman discussed the post-election outlook for the sector, and explained why he is still bullish on defense stocks.
Source Fool.com
