Two Stocks Set to Soar on Higher Defense Spending

Last week, President Joe Biden released his FY25 defense spending proposal. The top-line figure came in at a record high — the fifth straight year it has done so — totaling $895 billion. Last week, President Joe Biden released his FY25 defense spending proposal. The top-line figure came in at a record high — the fifth straight year it has done so — totaling $895 billion.                                                                                                      [Wealth Daily] Jason Simpkins / Mar 19, 2024 Two Stocks Set to Soar on Higher Defense Spending Last week, President Joe Biden released his FY25 defense spending proposal. The top-line figure came in at a record high — the fifth straight year it has done so — totaling $895 billion. And it would have been even higher if it weren’t stymied by the Fiscal Responsibility Act of 2023, which locked federal spending growth at 1%. Prior to that cap being put in place (in exchange for raising the debt ceiling last year), the Pentagon was eyeing a national security budget of $929 billion. Nevertheless, the budget increase will keep defense contractors busy enough until that cap expires in FY26. Additionally, our allies in Europe are ramping up spending as well. A record 18 NATO members are on track to hit the alliance’s oft-stated target of 2% of GDP this year — up from just three in 2014. And some — those most threatened by Russia’s aggression — are exceeding it. Poland, for example, is spending roughly 4% of its GDP on defense this year. It’s also lobbying the alliance to raise its spending guidance from 2% to 3% of GDP. The Deathblow to Chinese Lithium An Oregon State University Geologist just exposed a $1.5 trillion lithium volcano... And every single ounce of this world record-breaking deposit is right here in America... Now you can own a piece of it by claiming a stake in the mining firm preparing to pull all that lithium out of the ground. [Get the full details here before every major media outlet is all over this story.]( As a result, the NATO alliance will spend more than $1 trillion collectively on defense in 2024. And the United States will likely eclipse that mark by itself sometime around FY26/27. That bodes well for defense contractors. And if you’re looking to profit from this massive wave of defense spending, there are a few good stocks to start with. The first is General Dynamics (NYSE: GD). GD has been on a tear this year, with shares climbing 10% since late January. A strong end to 2023 is the biggest reason why. Fourth-quarter revenue was up 7.5%, to $12 billion, while full-year revenue was up 7.3%, to $42 billion. Quarterly earnings, meanwhile, hit $1 billion, or $3.64 per share, for the quarter and $3 billion, or $12.02 per share, for the year. Its board of directors also approved a 7.6% dividend increase, setting the payout at $1.42 per share, payable on May 10. With that, GD has raised its dividend in each of the past 27 years. Its new annualized payout is $5.68 per share, which yields a little more than 2%. 9 Billionaires Shifting Funds Here (Plus Warren Buffett) The smartest investors in the world are making a BIG move right now. David Tepper, Steve Cohen, Bill Gross, Paul Tudor Jones, Jeremy Grantham, George Soros, Carl Icahn, Jim Simons, and Larry Fink... They're jumping into oil and gas stocks with both feet. Meanwhile, 99% of investors can’t see what’s coming. According to Keith Kohl, our oil and gas analyst, three powerful economic triggers are converging on the oil markets right now... A "perfect storm" unlike anything we’ve seen in 50 years. The last time this happened, a small group of oil companies made 20x returns in a few years. Some gains were as high as 3,000%! That’s exactly the type of oil company Keith is recommending today.  He’s calling it "the No. 1 oil stock of the decade." [Get the name and ticker here before oil prices surge higher.]( Lockheed Martin (NYSE: LMT) is another good option. The world’s largest defense contractor had a sluggish start to the year, but it’s also up 4% in just the past month. Biden’s new defense budget proposal has played a part in that gain. A Long-Range Anti-Ship Missile (LRASM) to deter China and a new ground attack weapon, the Precision Strike Missile (PrSM), to replace the Army Tactical Missile (ATACM) are among the Pentagon’s top priorities for FY25. Both projects are headed by Lockheed Martin. Separately, Lockheed recently announced plans to acquire spacecraft manufacturer Terran Orbital for $600 million. That move will add technology, capacity, and synergy to Lockheed’s space unit. Of course, if you really want to profit from the defense sector, you should [check out my latest pick for Secret Stock Files](. It uses cutting-edge AI technology to enhance warfighting capability. That makes it a prime candidate for massive growth in both the short and long term. [You can find out more about that here.]( Fight on, [Jason Simpkins Signature] Jason Simpkins [Wealth Daily ICYMI Header]( Elon Musk Is Dominating the Battery Market(But This $6 Stock Is Freaking Him Out) Elon Musk has revolutionized the solar market with Tesla's Powerwall batteries — sparking a major trend. A Wood Mackenzie report reveals that 11% of homes with solar installations now include a battery storage system... With Tesla’s Powerwalls accounting for nearly half of these installations last year! This highlights Musk's successful strategy of pairing these batteries with Tesla’s solar panels... And why Tesla is known as one of the greatest stock plays of all time. If you got in immediately after its IPO, you could have clocked a whopping 22,817% return! That would have turned every $500 into $114,600! But while that historic wealth-building opportunity is behind us, I have good news. A brand-new type of battery is about to flood the markets that could dethrone Tesla forever. That’s because this battery is 10 TIMES more powerful than Tesla’s famed lithium-ion battery... Can be fully charged in less than FIVE minutes... And is absolutely TINY — roughly the size of a drop of water. But most importantly, this new battery offers the same kind of ground-floor potential as Tesla did... Only MUCH, MUCH bigger. But mark my words. I expect this battery to be rolled out en masse in just a few short months. And once it hits the market, the tiny company that designed it could become one of the most valuable companies in the world. [Click here to see the details.]( [Feedback? get in touch](mailto:/newsletter@wealthdaily.com?subject=Wealth%20Daily%20feedback) [Read this email online]( [Manage Newsletters]( [Share on Twitter]( You signed up for our newsletter with the email {EMAIL}. You can manage your subscription and get our privacy policy [here](. This email is from Angel Publishing, 3 East Read Street, Baltimore, MD 21202 © Wealth Daily.