Why These Defense Stocks Are Gaining This Week

4. Karman Holdings Inc. (NYSE:KRMN)

Weekly Gains: 19.70%

Karman Holdings Inc. (NYSE:KRMN) specializes in the manufacturing and sale of mission-critical systems for missile, space, and defense programs.

The company’s share price has been all over the place since its debut on the NYSE in February. The stock has shown signs of volatility, going down for a few days before picking up again. Over the past week, Karman Holdings Inc. (NYSE:KRMN) returned gains of 19.70%, earning it a place in our list of the defense stocks that are gaining this week.

Karman Holdings Inc. (NYSE:KRMN)’s overall prospects look encouraging. Last month, President Trump signed an executive order to mandate the process of building an ‘American Iron Dome’, which presents an opportunity for the company to benefit, given its expertise in areas like hypersonic missile defense. Wall Street analysts are bullish on the stock with a consensus Strong Buy rating and an average share price upside potential of 12.61%.