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With the war drums beating in the Middle East, investors are looking for the best defense stocks to buy right now. Last night, leaders of the Iranian Revolutionary Guard announced their military had shot down a U.S. drone and proclaimed that the nation is "ready for war."
While the Islamic Republic's media arm IRNA claims that the American drone passed into the nation's air space, the U.S. military claims a surface-to-air missile hit the drone over international air space and the Strait of Hormuz, a critical seaway for global oil shipments.
Investors recognize that in times of geopolitical threats and uncertainty, defense stocks provide appreciation upside and reliable dividend streams. They also operate in a "must have" industry that is virtually recession-proof due to the United States' commitment to a strong military.
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To identify the best defense stocks to buy, we tap into the Money Morning Stock VQScore™ system.
This algorithm assigns more than 1,500 profitable companies with a proprietary score that signals when investors should buy, sell, or hold a stock.
Today, the VQScore system flashed a "Strong Buy" signal for one of the most iconic defense companies in the United States.
Here it is…