Trump-Kim Deal To Tariff: Here's What Investors Should Know
Zacks Investment Research | Jun 14, 2018 09:08PM ET
This week was an eventful one with some of the major developments having a positive or negative impact on the global stock market. Below we discuss some of the biggest events that dominated the headlines and influenced the market:
Trump-Kim Deal
The historic summit between President Donald Trump and North Korea leader Kim Jong Un in Singapore has created history, possibly ending bitterness that lasted for 68 years. This is especially true as Trump and Kim signed an agreement, which offers undisclosed American “security guarantees” in exchange for a commitment from North Korea to “work toward complete denuclearization of the Korean Peninsula.” Although this is a positive step, lack of details on the denuclearization process and talks of follow-up negotiation have disappointed Wall Street.
Peace talks have pushed the defense stocks down after the summit. Major defense players -- Raytheon (NYSE:T) , Lockheed Martin (NYSE:T) , Northrop Grumman (NYSE:NOC) , Boeing (NYSE:BA) and General Dynamics (NYSE:GD) -- saw rough trading on the day following the announcement of denuclearization. Of these, NOC has a Zacks Rank #1 (Strong Buy) while BA and RTN have a Zacks Rank #2 (Buy). You can see Zacks Investment Research
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