3 Defense Stocks to Protect Your Portfolio

These stocks are unloved and ripe for upside

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3 Defense Stocks to Protect Your Portfolio

HuntingtonIngalls185 3 Defense Stocks to Protect Your PortfolioHuntington Ingalls (HII) does most of if its business with the government and defense agencies. The company designs, builds, overhauls, and repairs ships for the U.S. Navy and Coast Guard. They build the big nuclear-powered ships like aircraft carriers and submarines as well as amphibious assault craft and national security cutters. They also offer nuclear refueling and overhauling services.

The company is seeing spectacular earnings growth, with profits up more than 200% so far this year, and Huntington has posted four positive earnings surprises in a row. Analysts are raising their estimates for 2014 as business is much better than anyone on Wall Street expected.

The stock was upgraded to an “A” by Portfolio Grader back in November and remains a “strong buy” at the current price.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/3-defense-stocks-protect-portfolio/.

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