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Mark Tepper, the founder of Strategic Wealth Partners, said during a recent "Trading Nation" segment that now is indeed the time to be buying defense stocks. He noted that as a whole, defense stocks are now trading at an appropriate valuation.
Tepper explained that in the past defense stocks were believed to be trading at "extended" valuations but expectations for rapid earnings growth in the future has brought down the multiples to an "acceptable level."
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"We think there is great potential," Tepper added. "We just heard President Trump talking — he is very committed to increasing defense spending. When you look at the Department of Defense they recently increased staffing which is a great leading indicator for an overall increase in defense spending."
Dennis Davitt, a partner at Harvest Volatility Management, also expressed a positive sentiment for the defense group. He noted that the group could also see increased growth if European allies start spending more on defense — as the Trump administration is pushing them to do.
However, his positive sentiment of the sector doesn't mean that stocks are attractive. Davitt expanded that the only thing that is cheap in the sector is found in the options market.
"There could be potential growth, there could be great volatility [and] it could sell off," he explained. "That's a place where you want to either buy puts to protect your position, or sell out of your position and do stock replacement strategies with calls."
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.