Aerospace and defense stocks typically outperform the S&P 500 in the six months after Middle East crisis events.
Defense stocks have climbed and the broader market has sold off following last week’s killing of Iranian military leader Qasem Soleimani.
Huntington Ingalls and General Dynamics are the two best-performing defense stocks on average following major crisis events.
Boris Johnson will tell the next generation of more than 100 new Tory MPs that they have a responsibility to change the the party for good, as he sets out plans for a first vote on his Brexit bill before the festive season.
With just a week until Christmas, the UK prime minister intends to accelerate plans for his Brexit bill, carry out a minor cabinet reshuffle and present a Queen’s speech next week, before shifting his focus to reshaping Whitehall in the new year.
He will begin by telling his new Tory recruits, who mostly represent northern and Midlands seats, they must help him deliver for the voters in their areas.
Brexit has gripped British society for more than three years, splintering both the ruling Conservative Party and the opposition Labour party into warring factions since the country’s EU referendum in June 2016.
The U.K. participated in European Parliamentary elections on Thursday after failing to leave the EU at the end of March. The exit polls are not necessarily an accurate indication of the result. A BBC projection shortly after 10 p.m. local time put the Brexit Party ahead.
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