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Markets · Investing · Business
Finance
2 Reasons This Is a Once-in-a-Decade Industrial Stock Pick for Long-Term Investors
Shares are down 33% from highs, but the company is growing like a weed.
The Iran conflict may finally be on its way to ending, but that does not change the future of defense and industrial spending in the United States. Modern conflicts -- from Ukraine to Venezuela to the Middle East -- have underscored the need for modern tactical capabilities, especially in unmanned operations.
A growing focus is being placed on battery-powered underwater drones, both for the United States' fleet and for its allies'. One fast-growing industrial stock poised to benefit from these new fleets is Kraken Robotics(OTC: KRKNF). Here's why the underwater battery maker is a once-in-a-decade industrial stock.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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