European defence stocks have rocketed in value since 2020. Here's why they could continue outperforming the 'Magnificent Seven.' The post Defence stocks are soaring! Here’s why they could be better shares to buy than the ‘Magnificent Seven’ appeared first on The Motley Fool UK.
The rally was led by German arms manufacturer Rheinmetall, which jumped 14% in Frankfurt, while UK-based BAE Systems soared 16% in London and Italy’s Leonardo climbed 10% in Milan. Rolls Royce was up 5.7%. The stock surge followed reports that Germany ...
Shares in BAE Systems, Rheinmetall and Leonardo all added to strong gains this year on Monday amid expectations of rising European defense spending.
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Stockhead on MSNHot Money Monday: Expert says defence stocks should be in every investor’s portfolioEurope’s defence spending is skyrocketing, kicking off a global arms race and positioning Aussie defence stocks to ride the wave.
A surge in need for armored vehicles owing to militarization of law enforcement agencies coupled with increase in demand for bulletproof vehicles.
European defense stocks led by Rheinmetall (RNMBY) and BAE Systems (BAESF) surged on Monday after European leaders rallied to Ukraine following
The prospect of a military spending boom by Germany unprecedented since the Cold War sent Europe's defence stocks soaring after Reuters reported the likely next government was mulling a fiscal sea change for Europe's biggest economy.
Defence contractors including Thyssenkrupp, Hensoldt, Renk, Rheinmetall, BAE Systems and Leonardo saw their shares jump by double-digit percentages on news that the election-winning conservatives and the centre-left Social Democrats were contemplating debt ...
Europeans would need to ramp up military spending quickly, a notion that has set off a market rally, led by defense stocks.
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