For the sake of balance, I need to add some high growth stocks to my portfolio of mostly FTSE 100 blue-chips.
If I’m going to step up my efforts to build a million-pound retirement pot, I need to take a few more risks. So now I’m scouring the FTSE 250 in search of action. This opportunity immediately popped up.
I think the defence industry is attractive right now, as geopolitical insecurity grows. Yet FTSE 100 defence giant BAE Systems looks fully valued to me. I hold the stock but won’t buy more today. FTSE 250-listed aerospace, defence and security specialist Chemring Group (LSE: CGY) excites me more.
FTSE 250 opportunity
Given today’s global insecurity, I’d expect the Chemring share price to be flying. And it is, up 32.38% over the last year. That’s more than double the 15.46% return on the FTSE 250 as a whole. Over five years, it’s up 96.35%.
On 4 June, Chemring reported a 39% increase in its…
