BUZZ-US defense stocks surge as Trump proposes $1.5 trln 2027 budget
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Shares of defense companies surged in premarket trading following President Trump's proposal for a $1.5 trillion budget for 2027. Notable gains included Northrop Grumman (up 6.8%), Lockheed Martin (up 6.7%), and RTX (up 5.5%). Analysts from Jefferies noted that while the Department of Defense seeks a $1 trillion budget for 2026, clarity on funding remains lacking. They predict potential EPS increases for several companies if budget increments focus on procurement and R&D. However, concerns about halted dividends and buybacks could lead to a 5-10% downside for some stocks.
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