One of the Best "Trump Stocks" to Buy Now

trump-new-yorkGlobal stock markets have rallied in the wake of Donald Trump's presidential win on Nov. 8, and we have found one of the best "Trump Stocks" to buy now.

While some economists and investors question whether the Trump rally is sustainable, we've found a stock to buy now with long-term potential.

The stock is a leading player in the aerospace and defense industry, a sector widely expected to benefit under Trump. In fact, Trump's victory has already been widely applauded by stocks and investors in this sector.

That's why we're classifying this as one of the best "Trump stocks" to buy now.

In the two days following the Nov. 8 election, the Dow Jones U.S. Aerospace & Defense Index rose 7%. In comparison, the S&P 500 climbed only 1.1% in the same time.

You see, Trump's pre-electoral campaign promises of greater spending and expansion of the defense sector have been a major catalyst for defense stocks.

In a September speech to the Union League of Philadelphia, Trump said he will ask Congress to reverse cuts to defense spending enacted under the 2013 budget sequester. He said that will happen once he takes office and submits a new budget to rebuild the U.S. military.

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Trump maintains the United States is unprepared to confront increasing threats...

"History shows that when America is not prepared is when the danger is greatest," Trump said. "We want to deter, avoid, and prevent conflict through our unquestioned military dominance."

Trump has also said defense spending this year is "on track to fall to its lowest level as a share of the economy." In 2015, the United States spent more than $600 billion on defense.

So investors can expect to see a large jump in defense spending. And that's why we're targeting defense when looking for some of the best Trump stocks to buy now...

The Best Trump Stocks to Buy Now as Defense Spending Soars

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Trump has vowed to lead the biggest U.S. Navy build-up since the Reagan administration. Under his plan, the navy will be restored to a size it hasn't seen since 1998.

Trump pledged to help offset the cost by seeking additional payments from countries where the United States has military bases, including Germany, Saudi Arabia, and Japan.

Trump's defense spending ambitions are already having an impact on other nations.

Following a phone conversation with Trump, Denmark's Prime Minister Lars Lokke Rasmussen said Wednesday that his country will step up defense spending. Denmark spends approximately 1.2% of its GDP on defense. NATO has set its members a target of spending 2% of GDP on defense.

Rasmussen said that Denmark is contributing to the fight against the Islamic State militant group in Syria and Iraq.

"We need a strong United States that will head the free world. I feel convinced that the United States will also in the future take on this role," Rasmussen said.

Money Morning Director of Tech & Venture Capital Research Michael A. Robinson weighed on what Trump's win means for the future of defense.

"Forget about the Bill Clinton peace dividend. Forget about wartime footing under George W. Bush. And certainly forget about our walking away from the role of world's policeman under Barack Obama," Robinson said on Nov. 10.

According to Robinson, one of the best Trump stocks to buy is Northrop Grumman Corp. (NYSE: NOC).

"Now that Trump is president, his border wall will be built by companies like Northrop Grumman who can deploy all the various resources to secure the border and secure the communications," Robinson said.

Robinson believes the U.S. military is poised for one of its biggest stretches of growth in a decade, which could send the NOC stock price surging over the next several years.

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