Trump's 100% drone tariff proclamation drove UMAC up 22% and RCAT up 8%, rewarding companies competing directly against now-heavily-taxed imported parts.
AVAV and KTOS gained just 1-2% on identical news, since established Pentagon contractors face less import competition and gain little from the tariffs.
UMAC had already surged 114% year to date before Friday's spike, raising the valuation bar for investors chasing the tariff-driven rally.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Red Cat Holdings didn't make the cut. Grab the names FREE today.
Unusual Machines (NYSE:UMAC) stock is soaring 22% to $33.24 midday Friday, leading a scattered rally in domestic drone names. The catalyst was President Trump signing a proclamation Thursday imposing tariffs on imported drones and unmanned aircraft parts, citing national security.
#drone #rcat
AVAV and KTOS gained just 1-2% on identical news, since established Pentagon contractors face less import competition and gain little from the tariffs.
UMAC had already surged 114% year to date before Friday's spike, raising the valuation bar for investors chasing the tariff-driven rally.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Red Cat Holdings didn't make the cut. Grab the names FREE today.
Unusual Machines (NYSE:UMAC) stock is soaring 22% to $33.24 midday Friday, leading a scattered rally in domestic drone names. The catalyst was President Trump signing a proclamation Thursday imposing tariffs on imported drones and unmanned aircraft parts, citing national security.
#drone #rcat
3 months ago
