Trump's Military Budget Comments Boost Defense Stocks
Stock futures were mixed following a mixed trading day as investors took profits and shifted focus to this week's economic data. Meanwhile, comments from President Trump that the 2027 military budget should be higher caused multiple defense stocks to surge after-hours.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Constellation Brandsup 1.8%ALSO HIGHER -Globus Medicalup 9.5% after providing guidance for Q4, FY25, and FY26Gapup 4.1% after UBS upgraded the stock to Buy from NeutralSanara MedTechup 1.3% after receiving a Biasurge contract from VizientHIGHER AFTER TRUMP COMMENTS ON MILITARY BUDGET -AeroVironmentup 8.6%Lockheed Martinup 6.4%Northrop Grummanup 5.7%L3Harrisup 5.3%General Dynamicsup 4.3%Huntington Ingallsup 3.7%RTX Corp.up 3.5%LOWER AFTER EARNINGS -Resources Connectiondown 11.6%Franklin Coveydown 10.2%Jefferies Financialdown 2.7%ALSO LOWER -Immuneeringdown 21.9% after reporting overall survival and safety data from its atebimetinib trialPhathom Pharmaceuticalsdown 12.1% after announcing a common stock offering and raising its FY25 revenue guidance
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Three Stocks Recommended by Buffett
- Amazon Investment: Berkshire Hathaway holds 10 million shares of Amazon, valued at approximately $2.4 billion, representing only 0.1% of its portfolio; however, with over 200 million Prime members and $530 billion in sales, the company shows strong market potential, likely maintaining a 10% growth rate into 2025.
- Alcohol Market Dynamics: Despite U.S. alcohol consumption hitting a multi-decade low, Berkshire's increased stake in Constellation Brands indicates a long-term bullish outlook on premium brands, anticipating a recovery in consumption as the economy stabilizes.
- Oil Giant Investment: Berkshire's 264.9 million shares in Occidental Petroleum are valued at nearly $12 billion, making it one of its top six holdings, reflecting confidence in the traditional energy sector, especially as oil demand is expected to persist for decades.
- Market Outlook Analysis: The International Energy Agency predicts global oil consumption will peak by 2050; while renewable energy is the future, the oil industry still presents profitable opportunities in the short term, particularly as prices are expected to recover.

Consumer Staples Sector Sees Best Start in 25 Years
- Strong Market Performance: The Consumer Staples Index has risen 6.6% year-to-date, outperforming the S&P 500 by over 500 basis points, indicating the sector's defensive strength amid market volatility and reflecting investors' preference for stable returns.
- Fundamental Improvement: Despite facing headwinds such as elevated input costs and shifting consumer behavior during the 2023-2025 period, these pressures are beginning to ease, setting the stage for a more sustainable recovery with better performance expected ahead.
- Emerging Investment Opportunities: Analysts at Wells Fargo highlight household and personal care as areas of interest, although clearer evidence of improving data is needed to confirm trends, with Church & Dwight, Procter & Gamble, and Edgewell Personal Care receiving overweight ratings.
- Positive Beverage Stock Outlook: Beverage stocks are expected to show sustained recovery into the summer, particularly beer companies like Constellation Brands and Anheuser-Busch InBev, which are viewed as the most attractive recovery trades, reflecting market confidence in consumer staples.









