JPMorgan Says Buy Dip in Defense Stocks After Trump Comments

This week’s decline in Europe’s defense shares is an opportunity to add to holdings in the still-buoyant sector, according to JPMorgan Chase & Co.

Analyst David Perry made the recommendation after shares slipped following President Donald Trump’s Wednesday speech at the World Economic Forum in Davos, Switzerland. Trump said he did not want to use excessive force to take control of Greenland, a self-ruling territory of Denmark.