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With armed conflicts in the Middle East and Ukraine continuing to escalate, investors may be evaluating whether to move more money into defense stocks.
Despite rising tensions, defense stock performance has been mixed this year, with many well-known names lagging the S&P 500. Which brings us to today’s SA Asks question: Which defense stock is the best short-term investment right now?
We asked Seeking Alpha analysts Dhierin Bechai, Jere Wang of JR Research, Leo Nelissen and Deep Value Ideas for their picks.
Dhierin Bechai: For the near-term, I believe Saab AB (OTCPK:SAABF) offers a compelling investment opportunity. Out of all the defense stocks I cover, it is one out of two names that currently is undervalued against peers and against its median EV/EBITDA multiple. The other name that presents upside is Hensoldt AG (OTCPK:HAGHY).
Jere Wang of JR Research: I assess Lockheed Martin (NYSE:LMT) as the most suitable…
