Soaring Defense Spending Means Great News for These 2 Stocks
When investors focus on companies that benefit from increased defense spending, they generally think of the large contractors, such as L3Harris , Northrop Grumman , Boeing , Lockheed Martin , and RTX . But the performance of all of those stocks has been underwhelming this year, while two lesser-known companies with exposure to defense spending have soared. The stocks for TTM Technologies (NASDAQ: TTMI) and Amphenol (NYSE: APH) are trading up more than 88% and more than 21%, respectively, so far this year. Both companies benefit from simultaneous surges in spending across artificial intelligence (AI) infrastructure and aerospace and defense modernization. Here's why I like each of these stocks. Continue reading