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07.04.26 - 07:48
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Casey′s General Stores To Join S&P 500 (AFX)
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BEDFORD (dpa-AFX) - Casey's General Stores Inc.(CASY), an S&P MidCap 400 constituent, will replace Hologic Inc. (HOLX) in the S&P 500, S&P Dow Jones Indices said.Affiliates of Blackstone Inc.(BX) ......
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06.04.26 - 22:30
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UBS: Trump′s Historic Military Budget Request Could Boost Beaten-Down Defense Stocks (ZeroHedge)
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UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
U.S. defense stocks showed signs of stabilizing in April after tumbling since Operation Epic Fury began in late February and sustaining a Mach bloodbath. The improvement followed Friday's White House proposal to lift military spending sharply, to roughly $1.5 trillion in 2027.
UBS analyst Allyson Gordon said Monday morning that the White House budget request "should help sentiment," which has deteriorated since the U.S.-Iran conflict began. Last week, Gordon asked, "Why is U.S. defense performance lackluster?"
Earlier, the analyst said:
Defense stocks are in focus after Trump requested a $1.5 trn FY2027 defense budget on Friday. The headline is positive for the group, though market reaction remains to be determined.
On the supportive side, defense stocks have underperformed expectations since the Iran conflict began for several reasons, and the size of the budget request should help se...
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