Defense Stocks Look Ultra Expensive in 2026

Is there any point at which defense stocks cost too much to buy? Investors don't seem to think so.By now you've heard the news: Last weekend, U.S. Special Forces units raided the Venezuelan capital of Caracas and arrested President Nicolas Maduro and his wife, taking both away for trial on narcotics and terrorism charges in New York. Oil stocks surged on the news Monday -- and so did defense stocks, with shares of Textron (TXT +3.50%) gaining 2.2%, Lockheed Martin (LMT +4.01%) 2.9%, and General Dynamics clo ...