European Defense Stocks Gain as Trump Tanks Shares of U.S. Rivals - Barron's

1. Trump's defense budget cuts may impact U.S. defense stocks negatively. 2. Lockheed Martin shares fell 22% since the November 5 election. 3. European defense firms see gains amidst U.S. geopolitical uncertainty. 4. U.S. defense spending dwarfs European, affecting valuations and investor sentiment. 5. Wall Street views L3Harris as the most favorable U.S. defense stock.