Defense stocks like Raytheon have been rising amid heightened tensions between the U.S. and Iran. History says they will continue to climb in coming months.
Aerospace and defense stocks typically outperform the S&P 500 in the six months after Middle East crisis events.
Huntington Ingalls and General Dynamics are the two best-performing defense stocks on average following major crisis events.Shares of defense companies outperform the broader market in the six months following a crisis event in the Middle East, according to an analysis by CNBC.
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