One thing we’ve learned over the past several weeks is war is something that will happen again and again…
There’s massive instability in Eastern Europe right now due to the Russia-Ukraine war. And it’s going to take the world a lot of time to put all of the pieces back together again.
But the bottom line is simple…
It’s going to leave a bad taste in people’s mouths for a long time.
So it’s no coincidence that numerous defense contractors are experiencing strong accumulation pressure, making them some of the best defense stock picks for 2022…
The 2 Best Defense Stock Picks for 2022
But before we jump into the best defense stock picks for 2022, you need to consider the following…
Even if there’s some type of peace settlement, the door has still been blown wide open.
What I mean by that is the region now faces future hostile military risks from Russia for years and years to come… at least so long as Vladimir Putin is in power. And NATO will do whatever it takes to calm fears in Europe so the region can feel safe and stable again.
I mean, just think about places like Poland and Finland, which are at a significant risk thanks to their proximity to Ukraine.
So that’s why Northrop Grumman Corp. (NYSE: NOC) is one of the best defense stock picks for 2022.
If NOC sounds familiar to you, then good…
I recommended this stock to my readers about two months ago when it was trading below $400 per share — it was up to $461 Thursday morning when I last checked.
NOC is an American multinational aerospace and defense technology company. It has an annual revenue of about $30 billion, making it one of the world’s largest weapons manufacturers and military technology providers.
Now, I like it even more in light of the global turmoil we’re seeing right now.
I have a 12-week price target on NOC of $520 after a pullback to the $420-$430 level. So be patient and wait for its price to decline a little bit more before entering a position.
Check out my short video below to get the next best defense stock for 2022 on my list.
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