Doorgaan naar hoofdcontent

U.S. Exceptionalism

Defense stocks pop after Trump's N. Korea nuclear rhetoric

How much damage can North Korea's weapons do?
How much damage can North Korea's weapons do?

The war of words between North Korea and the United States had many traders on edge Wednesday. But investors in defense stocks were profiting even as the broader market fell.

Shares of several companies that have big contracts with the U.S. military rose after President Trump warned that North Korea would face "fire and fury" if it did not back down from threats to use nuclear weapons against the U.S. 
Shares of Lockheed Martin (LMT)Raytheon (RTN)Northrop Grumman (NOC) and L3 Technologies (LLL) hit record highs Wednesday. 
The defense sector has been a big market winner during the past few months. The iShares U.S. Aerospace & Defense ETF (ITA) is up 30% since the election. 
Many investors felt that defense stocks were great buys even before Trump's win. 
That's because his challenger Hillary Clinton was also viewed as being "hawkish" on defense -- particularly when compared with President Obama -- and would have advocated for more defense spending. 
But this new round of saber rattling from both North Korea and President Trump ups the ante. 
Trump touted the modernization of America's own nuclear weapons in two tweets Wednesday morning but added that he hoped the U.S. would never need to use them. 
My first order as President was to renovate and modernize our nuclear arsenal. It is now far stronger and more powerful than ever before....
Kevin Miller, CEO and portfolio manager of the E-Valuator Funds, said his firm has invested more heavily in mutual funds that have increased their investment in defense stocks lately. But, he said the decision wasn't tied to North Korea as much as the possibility of other global conflicts. 
"We live in a troubled world. Don't doubt that Iran is watching how things play out with North Korea," Miller said. "There is always going to be some hot spot around the globe." 

Populaire posts van deze blog

Geert Mak Pleit Nu Voor Vriendschap met Rusland

Ik kwam zojuist mijn oude vriend, de bestseller-auteur en mainstream-opiniemaker Geert Mak in de regen op straat tegen. Na elkaar te hebben begroet, vertelde Geert mij dat hij van oordeel is dat Europa zo snel mogelijk met Rusland om de tafel moet gaan zitten, om de opgelopen spanningen te deëscaleren. De VS heeft heel andere belangen dan 'wij,' aldus Mak, die benadrukte dat de macht van 'onze' Atlantische bondgenoot ingrijpend aan het afnemen is. Kortom, ik hoorde wat ikzelf al enige jaren op mijn weblog schrijf. Opvallend hoe een Nederlandse opiniemaker binnen zo'n betrekkelijk korte tijd zo wezenlijk van oordeel kan veranderen.  Immers, Mak’s gevaarlijke anti-Rusland hetze was een treffend voorbeeld van zijn opportunisme. Mei 2014 beweerde op de Hilversumse televisie de zogeheten ‘chroniqueur van Amsterdam, Nederland, Europa en de VS,’ dat er sprake was van een 'Russische gevaar,’ aangezien ‘meneer Poetin’ aan ‘landjepik’ deed en dat de Russische president d…

America Has Been at War 93% of the Time Since 1776

America Has Been at War 93% of the Time – 222 out of 239 Years – Since 1776 By Washington's Blog Global Research, December 26, 2017 Washington's Blog 20 February 2015 Region:  Theme: 

Native American Rape Survivors

A sign marks the entrance to White Earth Indian Reservation in Mahnomen County, Minn. (J. Stephen Conn / CC 2.0) WHITE EARTH RESERVATION, Minn.—Candice (not her real name) awoke with a start. Someone was pulling down her sweatpants. It was a male friend. “Stop!” she shouted. He kept groping her. She kicked him and he fell off the bed. She dashed out of the bedroom, tripping and tumbling down the stairs. Gripped with fear, she heard his footsteps behind her in the dark and forced herself to stand upright as she staggered out to the porch. Candice was still intoxicated. She got into her car and drove into a ditch. A white police officer pulled up. She struggled to hold back tears as she told him about the attempted rape. All the officer saw was a drunk and disorderly Native American woman. He dismissed Candice’s report of sexual assault as a lie she had made up to avoid getting a DUI. He did not take her to the hospital for a forensic exam. The sexual assault was not recorded in his pol…