President Trump delivered a stemwinder of a speech to a joint session of Congress Tuesday night. While it recounted much of what he’s achieved so far in his first 44 days in office, Trump also unveiled a bold plan to bolster U.S. shipbuilding, announcing the creation of a White House Office of Shipbuilding and offering tax incentives to encourage domestic production.
For investors, this signals opportunity. Shipbuilding stocks could soar as government support fuels growth, making them a hot prospect in a trade-war-torn market. It’s a narrow market with only a few players, several of which are privately-owned.
The following two shipbuilder stocks could be big winners under Trump’s plan.
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