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Citigroup: Concerns about the impact of Trump's efficiency improvement action on defense stocks are excessive.
Jinshi Data News on January 21st, Citigroup analysts said that the concerns about the impact of President Trump's push to improve government efficiency on US defense stocks "may be exaggerated". Analysts said that since Trump's election, US defense stocks have fallen by as much as 25%, but recent comments about his desire to exert US control over Greenland and the Panama Canal suggest that he is not an isolationist. They believe that the efforts of the US government's efficiency department to reduce federal workers may ultimately lead to more business for contractors. Citigroup expects defense contractors to make positive comments on demand from Europe while remaining cautious on the US during the transition period of the US president.