Defends stocks such as Lockheed Martin, Transdigm, Raytheon, and Northrop Grumman are considered a safe bet during wartime as governments increase defense spending. These companies provide essential goods and services to military operations, making them resilient investments in turbulent times. Additionally, history has shown that oil prices often surge during wartime due to supply disruptions, geopolitical instability, and increased demand for fuel. Therefore, oil prices can also be considered a hedge during a state of war.
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