Why Northrop Grumman Stock Soared Today

Key Points President Trump called for a 1.5trilliondefensebudgetyesterday.ThePresidentwantsdefensecompaniestoinvestinproduction,notdividendsandstockbuybacks.10stockswelikebetterthanNorthropGrumman"1.5 trillion defense budget yesterday. The President wants defense companies to invest in production, not dividends and stock buybacks. 10 stocks we like better than Northrop Grumman › "1.5 trillion" -- it's not just for SpaceX anymore. Last month, SpaceX floated plans for a 1.5trillionIPO.Now,PresidentTrumpwantstospendasimilarsumondefense:"FortheGoodofourCountry...ourMilitaryBudgetfortheyear2027shouldnotbe1.5 trillion IPO. Now, President Trump wants to spend a similar sum on defense: "For the Good of our Country ... our Military Budget for the year 2027 should not be 1 Trillion Dollar ...