Defense Stocks Rally as Trump Calls for Higher Military Budget
Schaeffers Investment Research·2026-01-08 16:07

Last night, President Donald Trump called on Truth Social for the U.S. military budget to increase to 1.5trillion in2027,citing"verytroubledanddangeroustimes."Asaresult,defensestocksarehighertoday,afteraroughdayacrosstheboardonWednesdayinresponsetocommentsfromTrumpnotinghewouldnotallowdefensecompaniestoissuedividendsandstockbuybacks.NorthropGrummanCorp(NYSE:NOC)waslastseenup8.11.5 trillion in 2027, citing "very troubled and dangerous times." As a result, defense stocks are higher today, after a rough day across the board on Wednesday in response to comments from Trump noting he would not allow defense companies to issue dividends and stock buybacks.Northrop Grumman Corp (NYSE:NOC) was last seen up 8.1% to trade at 623.21, pacing for its best day since July. The equity earlier c ...