Forget Lockheed and Northrop. 5 European Defense Stocks to Buy Right Now. - Barron's
1. Jefferies initiates coverage on military-related stocks amid European defense budget growth. 2. European defense spending could rise to 3.5% of GDP, generating $200 billion annually. 3. Concerns about U.S. support for Ukraine contributing to defense shifts in Europe. 4. Lockheed Martin shares down 13% since Nov 5, underperforming the S&P 500. 5. Short-cycle production focus favored, which may benefit some defense contractors.