Pt. Roberts, WA, September 14, 2007 --(PR.com
)-- HomelandDefenseStocks.com, the leading global investor and industry portal for the homeland defense and security sector, presents an audio interview with Scott Sacknoff, Manager of the SPADE® Defense Index (AMEX: DXS). Mr. Sacknoff discusses performance of defense and security stocks despite the recent stock market volatility, as well as several key events that will benefit investors.
According to Sacknoff, “Relatively speaking defense stocks have done quite well. The SPADE Defense Index, in the 3rd quarter through the end of August, was beating the S&P 500 by nearly 6%. This was after gaining 10% in the 2nd quarter, nearly 5% better. One reason for this is that when the stock market is volatile, financial stocks are typically looked to as a defensive play. However, since what is moving the market are issues related to the credit markets and subprime loans, and many financial institutions have heavy exposure in this area, they don’t represent a safer haven. This is leading a number of investors to turn toward defense and homeland security equities.”
He adds, “In addition, with the government as its primary client, the sector receives much of its revenues from sources where a recession is less likely to have a direct or immediate impact.”
Standout performers for the sector year-to-date include Taser (NASDAQ: TASR), Garmin (NASDAQ: GRMN), Cubic Corporation (AMEX: CUB) and EDO Corporation (NYSE: EDO) all up more than 80% year-to-date. In August, Sacknoff notes that three of the top 10 gainers were involved with defense IT. “This is a group of companies that has lagged the sector for the last few years as DoD resources have shifted to Iraq. So it’ll be interesting to see if the returns by companies such as CACI and SRA signal a rebound in the sector.”
To Listen to the Online Audio Interview in Full Click Here:
For additional Investor Audio Resources listen to the InvestorIdeas.com® Podcast: investorideas.com/podcasts/iipodcast.xml
About InvestorIdeas.com: Investor Research Made Easy
Investors: Gain Free Access to stock & industry news, financial columnists & Blogs, investor research tools, stock directories, trading center, audio interviews, educational podcasts & online investor conferences.
Companies: Gain Investor & Industry Awareness: Submit News Releases, Featured Company Showcase, Participate in Articles, Podcasts & Online Conferences.
Our sites do not make recommendations, but offer information portals to investors to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of any information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is compensated by featured companies, news submissions and online advertising. InvestorIdeas.com is not compensated by the Spade Defense Index.
For more information contact:
Dawn Van Zant 800.665.0411
Ann-Marie Fleming 866.725.2554
Source: HomelandDefenseStocks.com, SPADE Defense Index