Soaring Defense Spending Means Great News for These 2 Stocks
TTM Technologies and Amphenol have seen their shares soar so far this year.
Overview
When investors focus on companies that benefit from increased defense spending, they generally think of the large contractors, such as L3Harris, Northrop Grumman, Boeing, Lockheed Martin, and RTX.
But the performance of all of those stocks has been underwhelming this year, while two lesser-known companies with exposure to defense spending have soared. The stocks for TTM Technologies (NASDAQ: TTMI) and Amphenol (NYSE: APH) are trading up more than 88% and more than 21%, respectively, so far this year.
Details
Both companies benefit from simultaneous surges in spending across artificial intelligence (AI) infrastructure and aerospace and defense modernization. Here's why I like each of these stocks.
Source
Originally published at www.fool.com.