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10 best defense stocks to buy now for November 2023
Here are the best defense stocks for investors seeking steady growth and rising dividends.
During periods of economic uncertainty, defense stocks may offer reliability because a portion of their profits are often tied to long-term government contracts. Defense stocks also tend to get a boost during periods of war and conflict.
Our top picks for where to buy defense stocks
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10 best defense stocks of 2023 and historic performance
The companies and stocks below comprise the top 10 defense stocks by year-to-date performance. Also included is each stock’s 2022 performance. We compiled this list by choosing only S&P 500 stocks in the Aerospace & Defense that have a Buy or better analyst recommendation.
|Logo||Stock name and ticker||Stock description||YTD return|
|TransDigm Group Inc (TDG)||TransDigm Group is an aerospace manufacturing company based in Cleveland, Ohio.||31.51%||Invest with SoFi|
|Axon Enterprise Inc (AXON)||Axon Enterprise Inc develops public safety technology and non-lethal weapons products for law enforcement, military and civilians.||23.59%||Invest with SoFi|
|Howmet Aerospace Inc (HWM)||Howmet Aerospace Inc is a Pittsburgh-based manufacturer of jet engine components, engineered structures, fastening systems and forged wheels.||12.58%||Invest with SoFi|
|Textron Inc (TXT)||Textron Inc is an American industrial conglomerate based in Providence, Rhode Island, with operations spanning aerospace and defense, specialized vehicles, turf care and fuel systems.||7.30%||Invest with SoFi|
|Beoing Co (BA)||Boeing is a global aerospace company that develops, manufactures and services commercial airplanes, defense products and space systems.||-0.50%||Invest with SoFi|
|General Dynamics Corp (GD)||General Dynamics is a global aerospace and defense company headquartered in Reston, Virginia.||-2.28%||Invest with SoFi|
|Huntington Ingalls Industries Inc (HII)||Huntington Ingalls Industries is a global defense provider and builder of the majority of the US navy fleet.||-4.29%||Invest with SoFi|
|Northrop Grumman Corp (NOC)||Northrop Grumman is a global aerospace and defense technology company for space, aeronautics, defense and cyberspace.||-13.34%||Invest with SoFi|
|L3Harris Technologies Inc (LHX)||L3Harris Technologies is a global aerospace and defense company that develops advanced software, hardware and systems integration solutions for spac, air, land, sea and cyber domains.||-14.11%||Invest with SoFi|
|Rtx Corp (RTX)||RTX Corp is an aerospace and defense conglomerate headquartered in Arlington, Virginia.||-18.52%||Invest with SoFi|
How to invest in defense stocks
Follow these steps to invest in defense stocks:
- Choose a platform. Choose from our Top Picks above, our comparison table below or jump straight to the best stock trading apps of 2023.
- Open your account. Provide your personal information and sign up.
- Confirm your payment details. Fund your account with a bank transfer, debit card or credit card.
- Research stocks. The platform should provide the latest information available.
- Buy your stocks. Place a market order or limit order with your preferred number of shares. It’s that simple.
Compare more trading platforms to buy defense stocks
Narrow down top trading platforms by available asset types, minimum deposit and more to find the best for your budget and financial goals.
Frequently asked questions about defense stocks
Defense stocks stand out for their steady growth and generous dividends that may provide reliability during periods of economic uncertainty. If you’re only getting started trading stocks or you’re looking to build a strong foundation for your portfolio, consider whether defense stocks should have a place in your portfolio.
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