Russia’s invasion of Ukraine is over two weeks old. With this level of uncertainty, the S&P 500 has declined 10% year-to-date, as investors take stock of what has transpired and attempt to determine what are safe dividend stocks. One area that has not suffered is aerospace and defense. The Aerospace & Defense ETF (BATS:ITA) has gained 5% year-to-date. The invasion likely means that the U.S. and other nations will only seek to increase their spending on defense.
Already, Germany has pledged 100 billion euros to fund its armed services as well raise its defense spending above 2% of its GDP. This should provide tailwinds to defense stocks. There are multiple defense stocks with market-beating yields and safe dividends. Some of our top names include: General Dynamics (NYSE:GD), Lockheed Martin (NYSE:LMT) and Northrop Grumman (NYSE:NOC).
Source: InvestorPlace
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