Trump's $1.5 Trillion Military Budget Is Sending This Drone Stock Soaring: Momentum Score Spikes - Red Cat Holdings (NASDAQ:RCAT)
Red Cat (US:RCAT) Benzinga·2026-01-12 09:28President Donald Trump’s pledge to increase the country’s military budget from $900 billion to $1.5 trillion has sent defense stocks soaring, including robotics and drone solutions provider, Red Cat Holdings, Inc. (NASDAQ:RCAT), over the past week.Shares of Red Cat Holdings are up 41.70% year-to-date, in just over a week of trading in the new year, a surge that is sending its Momentum score in Benzinga’s Edge Stock Rankings soaring.Defense Stock’s Momentum SoarsThe Momentum score in Benzinga’s Edge Stock Ra ...