A stock that outperformed Airbus...
STOCK 2 OF 5
Boeing Co had an amazing 2017 with their stock almost doubling by years end. Those are gains you would expect from a crypto-currency, not an established industrial firm. Cheap oil prices helped give the international aviation sector a big lift, and they seized the opportunity, placing new plane orders left and right.
However, Boeing stock outperformed both Airbus, it’s primary competitor, as well as its US-industrial firm rivals.
Why? It’s other big business, military defense, has been booming since Trump tweeted that threats from North Korea “will be met with fire and fury.”
Trump and Defense Spending
Even before Trump’s Twitter war with Kim Jong Un, many of the large defense stocks were already up based on expectations for an improved outlook for U.S. defense spending under the Trump administration.
In 2017 the White House proposed a nearly 10 percent increase in the military budget to $603 billion for fiscal 2018.
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