SPY303.53+4.45 1.49%
DIA255.77+5.52 2.21%
IXIC9,412.36+72.14 0.77%

UPDATE: Seaport Global On Defense Companies Notes 'Consider that investors may be overlooking three reasons that Defense outperforms in 2020 – we think:'

'1. Defense deserves a higher multiple based on returns that are well above their cost of capital.' '2. There is an upward bias to consensus and our 2021E (and beyond) as Defense spending could grow faster

Benzinga · 05/19/2020 17:19

'1. Defense deserves a higher multiple based on returns that are well above their cost of capital.'

'2. There is an upward bias to consensus and our 2021E (and beyond) as Defense spending could grow faster than expected.'

'3. COVID-19, oil price declines, and election risks are unlikely to impact 2021 expectations or shareholder friendly capital deployment.'