Trump stocks best defense stocks toward record highs in 2017

The rise of conflicts involving non-state actors has created an environment that is more unpredictable than the bygone days of the Cold War. While the bipolar dynamic of tensions between the Soviet Union and the United States were potentially devastating given the vast nuclear arsenals involved, today's geopolitical climate is filled with threats of terrorism, cyber attacks, and various regional conflicts worldwide.

The White House wants $54 billion more in defense spending for fiscal 2018 — news that is being well received Monday for investors in best defense stocks in 2017. President Donald Trump's push for more military spending bodes well for defense contractors, but it's unknown which names in the space are most likely to benefit.Lockheed Martin gained about 2 percent, Raytheon rose 0.88 percent and Northrop Grumman advanced 1.45 percent. Boeing gained about 1.1 percent while General Dynamics was up just fractionally.
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The fiscal 2018 budget would be for the government's next fiscal year starting Oct. 1, 2017. With the additional $54 billion in defense spending, it would represent a nearly 10 percent increase overall for defense to $603 billion. "This budget will be a public safety and national security budget," Trump said in remarks Monday at the White House. Trump called it a "historic increase in defense spending to rebuild the depleted military of the United States of America at a time we most need it."
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