President Obama’s decision to shift a proposed fixed missile-defense network in Europe toward a more flexible system will have serious ramifications
for defense stocks.
Former President George W. Bush planned to put land-based missiles in Poland and a radar system in the Czech Republic. Now, President Obama wants
to put anti-missile systems at sea on destroyers and use mobile land-based radar. The result will likely be a drop for some major defense stocks.
Interestingly, many major defense companies have done surprisingly well since Obama took office. Most stocks in the sector recovered from an initial
sell-off after the election and are now trading at basically break-even since November 2008. If you own any of the following five defense stocks,
I suggest you use this recovery rally as an opportunity to sell.
Here are five key defense stocks to sell now…