Can You Profit From The 2019 National Defense Authorization Act?

This is a Post from the Symbol Surfing Blog from Mon, Aug 13, 2018.


So this is the first question I asked myself.

What is the National Defense Authorization Act or NDAA?

"The National Defense Authorization Act (NDAA) is the name for each of a series of United States federal laws specifying the annual budget and expenditures of the U.S. Department of Defense."

https://en.wikipedia.org

In today's news...

Trump gives $717 billion defense bill a green light. Here's what the Pentagon is poised to get

https://www.cnbc.com

The 2 companies mentioned in this article are defense stocks, Lockheed Martin and Northrop Grumman.

Lockheed Martin F-35 Joint Strike Fighters

Both of these stocks only moved up fractionally on today's news, which could mean the news was already expected.

What I like is that each stock recently hit record highs and has had a nice retracement after the most recent 2 earnings releases.

Could this be a good time to get in one or both of these defense stocks?

As a long-term investment, I think so.

Let me know in the comments section!

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Mon, Aug 13, 2018 LMT @ $313.64