Why Huntington Ingalls Stock Popped on Wednesday

Investment banker Citigroup made the case last month for buying Huntington Ingalls (NYSE: HII) stock as a cheap way to invest in defense. Today, investors are finally getting the memo, and bidding up Huntington Ingalls stock a strong 10.5% (through 10:35 a.m. ET).

What's the catalyst today? None other than statements from President Donald Trump himself.

In his address to Congress last night, POTUS laid out a plan to "resurrect the American shipbuilding industry, including commercial shipbuilding and military shipbuilding." That seems music to HII investors' ears, and now they're buying this defense stock hand over fist.

Source Fool.com

Citigroup Inc. Aktie

Citigroup Inc. muss heute leichte Verluste wegstecken. Die Aktie notiert im Vergleich zu gestern um -0,45 % tiefer.
Klare Kaufstimmung: Citigroup Inc. hat 41 Buy-Einschätzungen und keine Sell-Einschätzung.
Trotz eines Kursziels von 117 € für Citigroup Inc., das unter 119.62 € liegt, zeigt sich ein Potenzial von -2.19%.

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