Why Kratos Defense & Security Solutions Stock Is Soaring Today

Closing somewhat little than its Friday close, Kratos Defense and Security Solutions (NASDAQ: KTOS) banal is flying higher today. In summation to a fashionable maturation capitalist buying shares of the defence stock, investors are adding Kratos to their bargain lists aft learning that a U.S. state is making a important concern successful drones to fortify its defenses.

As of 1:04 p.m. ET, shares of Kratos Defense are up 5.5%, aft earlier rising 9.6%.

Missed Nvidia successful 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" awesome flashed for a little-known chipmaker called Nvidia. For the archetypal clip successful years, that aforesaid "Total Conviction" awesome is flashing for a institution 1/100th the size of Nvidia. Continue »

Ark Invest accrued its presumption to commencement the week

After the marketplace closed yesterday, Ark Invest, led by Cathie Wood, reported that it had bought 138,735 Kratos shares successful its Ark Innovation ETF.

Currently, Kratos has a 0.85% weighting successful the Ark Innovation ETF, which targets disruptive businesses specified arsenic drone developer Kratos.

The different catalyst for the drone banal rising contiguous comes from crossed the pond. The United Kingdom announced yesterday that the Prime Minister would talk astatine a defence contractor today, wherever helium would denote an concern of 5 cardinal British pounds (about $6.6 billion) successful drones for the U.K. subject implicit the adjacent 4 years, making it the largest ever drone concern successful U.K. Armed Forces."

While Kratos doesn't specify which nations are customers of its drones, the institution does admit that it supplies U.S. allies.

Should investors instrumentality formation with Kratos stock?

Unsurprisingly, Kratos banal is flying higher contiguous with Ark Invest expanding its presumption and the U.K. making a sizable concern successful drones -- conscionable the latest reminder of however the exertion is playing an progressively important relation successful the defence industry. For investors seeking a defence banal that has beardown maturation potential, Kratos is worthy a person look.

Should you bargain banal successful Kratos Defense & Security Solutions close now?

Before you bargain banal in Kratos Defense & Security Solutions, see this:

The Motley Fool Stock Advisor analyst squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and Kratos Defense & Security Solutions wasn't 1 of them. The 10 stocks that made the chopped are built for semipermanent maturation and could nutrient monster returns successful the coming years.

Consider when Netflix made this database connected December 17, 2004... if you invested $1,000 astatine the clip of our recommendation, you'd person $397,890!* Or when Nvidia made this database connected April 15, 2005... if you invested $1,000 astatine the clip of our recommendation, you'd person $1,196,664!*