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UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
U.S. defense stocks showed signs of stabilizing in April after tumbling since Operation Epic Fury began in late February and sustaining a Mach bloodbath. The improvement followed Friday's White House proposal to lift military spending sharply, to roughly $1.5 trillion in 2027.
UBS analyst Allyson Gordon said Monday morning that the White House budget request "should help sentiment," which has deteriorated since the U.S.-Iran conflict began. Last week, Gordon asked, "Why is U.S. defense performance lackluster?"
Earlier, the analyst said:
Defense...
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Mar 23, 2026 / Tyler Durden
Passenger Jet Collides With Vehicle At NYC's LaGuardia, Killing Pilot And Co-Pilot
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An Air Canada Express CRJ-900 regional jet operated by Jazz Aviation collided with a fire truck while landing at New York's LaGuardia Airport (LGA) late Sunday night at 23:40 ET, instantly killing the pilot and co-pilot. There were approximately 76 people on board.
BREAKING: Several injuries after Air Canada plane and firetruck collide on runaway at New York's LaGuardia Airport pic.twitter.com/cO6u5HD1YA
— BNO News (@BNONews) March 23, 2026
Local authorities said LaGuardia Airport is closed and may remain shut until 14:00...
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Mar 31, 2026 / Tyler Durden
Futures Jump On Hopes Of War De-escalation, Korea Enters Bear Market On Memory Rout
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Futures are higher on a WSJ report that Trump is considering exiting the middle east conflict even if the Strait of Hormuz is not reopened; but the market is deciding whether this is a genuine intent to leave or another feint given the previous US attacks during negotiations and that Trump has yet to adjust his Apr 6 deadline. As of 8:00am, S&P futures are 1.1% higher, at session after approaching correction territory yesterday. Nasdaq futures rise...
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Mar 19, 2026 / Andrew P. Napolitano
Free Speech for Me But Not For Thee
Last week, the chair of the Federal Communications Commission threatened to rescind the broadcast licenses of media entities that do not relate events in Iran or Ukraine as the Trump administration would like them to be related. He also attacked The Wall Street Journal and The New York Times for the same reasons. This followed […]
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