Despite Stock Market Volatility and Sub-Prime Credit Problems, Defense and Security Stocks Continue to Perform
Released on: September 12, 2007, 8:43 am
Press Release Author: InvestorIdeas.com
Industry: Defense
Press Release Summary: Taser (NASDAQ: TASR), Garmin (NASDAQ: GRMN), Cubic Corporation (AMEX: CUB) and EDO Corporation (NYSE: EDO) up more than 80% year-to-date.
Press Release Body: POINT ROBERTS, Wash., DELTA, B.C. - September 11, 2007 - www.HomelandDefenseStocks.com, the leading global investor and industry portal for the homeland defense and security sector, presents an audio interview with Scott Sacknoff, Manager of the SPADEŽ Defense Index (AMEX: DXS). Mr. Sacknoff discusses performance of defense and security stocks despite the recent stock market volatility, as well as several key events that will benefit investors.
According to Sacknoff, "Relatively speaking defense stocks have done quite well. The SPADE Defense Index, in the 3rd quarter through the end of August, was beating the S&P 500 by nearly 6%. This was after gaining 10% in the 2nd quarter, nearly 5% better. One reason for this is that when the stock market is volatile, financial stocks are typically looked to as a defensive play. However, since what is moving the market are issues related to the credit markets and subprime loans, and many financial institutions have heavy exposure in this area, they don't represent a safer haven. This is leading a number of investors to turn toward defense and homeland security equities."
He adds, "In addition, with the government as its primary client, the sector receives much of its revenues from sources where a recession is less likely to have a direct or immediate impact."
Standout performers for the sector year-to-date include Taser (NASDAQ: TASR), Garmin (NASDAQ: GRMN), Cubic Corporation (AMEX: CUB) and EDO Corporation (NYSE: EDO) all up more than 80% year-to-date. In August, Sacknoff notes that three of the top 10 gainers were involved with defense IT. "This is a group of companies that has lagged the sector for the last few years as DoD resources have shifted to Iraq. So it'll be interesting to see if the returns by companies such as CACI and SRA signal a rebound in the sector." To Listen to the Online Audio Interview in Full Click Here: http://www.homelanddefensestocks.com/Content_Partners/SI/news/sept07.asp For additional Investor Audio Resources listen to the InvestorIdeas.comŽ Podcast: www.investorideas.com/podcasts/iipodcast.xml About InvestorIdeas.com: Investor Research Made Easy
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