These 3 European defense stocks have been rising in 2024, here’s why
STOXX Europe Total Market Aerospace & Defense Index is up more than 25% year-to-date due to the ongoing geopolitical tensions in Europe and more recently in the Middle East. But the following 3 European defence stocks have been gaining even more so than their U.S. counterparts. Let’s explore why. Rheinmetall AG (ETR: RHM)Rheinmetall is currently up a whopping 80% for the year primarily on the back of the Israel-Hamas conflict. Shares of this German firm are noting a more pronounced move because European countries opted to trim their defense budgets after the Cold War while the United States ke...