Trump is about to return to the White House, Bernstein is bullish on U.S. defense stocks against the trend

With Trump's return to the White House, Bernstein analysts are optimistic about the stocks of U.S. defense contractors. Analyst Haned pointed out that Trump will continue to seek a strong defense, despite concerns about cuts to defense spending. Although defense stocks have performed poorly after the election, there are currently no signs that major defense contractors are facing significant issues. U.S. and European defense companies are expected to benefit from the demand to counter the threat from Russia