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Markets · Investing · Business
Finance
Olin Just Won a $788 Million Army Contract. Is Olin Stock a Buy?
Even before it won this big contract, Olin stock was looking cheap enough to buy.
Families have Christmas. Defense investors have Sept. 30.
Much like Dec. 25 is the culmination of a year's worth of shopping for consumers, Sept. 30 marks the end of the federal government's fiscal year. And that means, if you're a defense investor, you can look forward to an unusually large number of unusually large defense contracts being awarded this month.
Details
The truly humongous awards won't start dropping until about the last week or two of the month, when the Pentagon realizes it's running out of time to buy everything Congress has approved before the fiscal year ends. But already today, we're seeing some pretty sizable contracts dropping at the Pentagon.
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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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