While defense names grabbed the headlines in the immediate aftermath of the start of the Iran war, an unlikely winner emerged from the ensuing shock to the market, with gains of 75% year to date.
The broader market has wrestled with supply shocks and inflation fears, yet this non-defense name has climbed from about $23.11 at the start of the year to trade nearly $40 per share. That outpaces the S&P 500 and turns a 2025 net loss into a surprising comeback story. Let’s see exactly how it happened.
This post appeared first on 24/7 Wall St.