Top 3 Defense Stocks to Buy in October

[Investing Insights Daily]( October 20th, 2023 SPONSORED AD [PROOF: New One Ticker (Weekly) Payouts]( A multimillionaire stock trader's research explains how focusing on just one ticker every week has generated payouts up to a rare 2,614% in under 11 days... AND he's brought proof to show the world! [SEE THE PROOF]( [Top 3 Defense Stocks to Buy in October]( Recent tensions in the geopolitical landscape, particularly the Israel-Hamas confrontations, have shifted investors’ attention to the defense sector. Factors like global increases in defense budgets and steady technological advancements position the industry for sustained growth. Therefore, fundamentally strong defense stocks Ruger & Company, Inc. ([RGR]( – [Get Rating]( BAE Systems plc ([BAESY]( – [Get Rating]( and CPI Aerostructures, Inc. ([CVU]( – [Get Rating]( could be ideal portfolio additions. Driven by the Ukraine-Russia conflict, nations globally face a newfound emphasis on strengthening their military and air defense capabilities. According to the Stockholm International Peace Research Institute, global military expenditure reached an unprecedented high, attaining [$2.24 trillion in 2022](. Moreover, the situation escalated with Hamas’ sudden attack on Israeli communities on October 7, prompting a retaliatory response from Israel. This incendiary scenario has spurred investor interest in aerospace and defense stocks. This Israel-Hamas clash adds to the burgeoning international arms sales trend that is elevating profits and the weapons production capacities of American suppliers. According to BofA Securities, a potential [investment surge in the Department of Defense]( might arise from this conflict. The bank’s analysts predict that the U.S. will supply multiple defense utilities like missiles, munitions, and anti-missile systems to assist Ukraine and Israel. This could potentially enhance the performance of major U.S.-based defense contractors. Amid prevailing geopolitical unrest, nations globally have prioritized territorial defense against possible threats, intensifying the focus on bolstered air defense capabilities. Numerous countries significantly invest in their military capabilities, triggering a demand surge in military aircraft and ammunition to strengthen defense systems. Fueled by [technologically advanced weaponry and aircraft]( coupled with the rising incorporation of [innovative technologies]( into defense systems, the global aerospace and defense market is anticipated to reach $1.08 trillion by 2027, growing at a [CAGR of 5.9%](. Investors’ interest in defense stocks is evident from the SPDR S&P Aerospace & Defense ETF’s ([XAR]( 17.9% returns over the past year. Given the industry tailwinds, it’s time to examine the three stocks to buy in the [Air/Defense Services]( industry, starting with… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019