Rheinmetall AG

Hensoldt AG

RENK Group AG

Shares of European defense companies fell Dec. 15 amid a new twist in talks on a possible peace deal that could end the war in Ukraine, CNBC <a href="https://www.cnbc.com/2025/12/15/european-defense-stocks-slide-as-zelenskyy-ditches-ukraine-nato-bid.html">reported</a>.

European defense stocks fell after Zelensky's words on NATO abandonment

Red Cat Holdings, Inc.

Perimeter Solutions, Inc.

Climb Global Solutions, Inc.

Guardian Pharmacy Services, Inc.

Astronics Corporation

By the end of this year, interest in small caps is picking up as investors confront an overheated tech sector and increasingly concentrated, outstripping growth by a handful of AI stocks. According to Alyona Nikolaeva, portfolio manager at asset manager Astero Falcon, the more attractive opportunities now lie in small caps, where fundamentals remain stable, and valuations within reason.

With AI valuations stretched, five small caps to look at into the year-end

Thales S.A.

BAE Systems plc

Babcock International Group PLC

The US President said that the outcome of the talks between the White House representatives and the Ukrainian delegation inspires him with optimism

European defense stocks fall after Trump's words on Ukraine peace deal

Daimler Truck Holding AG

Mercedes-Benz Group AG

The German parliament is preparing to approve €2.9 billion ($3.4 billion) for 11 contracts in military purchases, including drones, rifles and missiles, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-11-28/germany-set-to-approve-2-9-billion-in-arms-in-defense-surge">reported</a>. Most of the orders will go to German manufacturers.

Germany is preparing a €2.9 billion military procurement. Which stocks will benefit?

Ukraine's U.S. currency-denominated government bonds jumped to their highest level since February amid signs of progress in the peace settlement, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-11-24/ukraine-bonds-lead-eastern-european-assets-higher-on-peace-talks">reported</a>. Bonds maturing in 2029 rose 3 cents on the dollar and are trading above 72 cents. Bonds maturing in 2035 and other near-term issues were also among the leaders of growth among emerging market debt instruments on Nov. 24.

Ukrainian bonds and Eastern European currencies rise amid peace process

Several large defense companies from Europe have started preparing for IPOs. Shares of the creator of Baby Shark, the most popular video on YouTube, collapsed below its IPO price after soaring in debut trading. Billionaire investor Bill Ackman urged the White House not to pursue the IPOs of Fannie Mae and Freddie Mac. The main IPO market events of the week are in our selection.

European defense, Baby Shark and Fannie-Freddie: What's important about IPOs by Nov. 23

Leonardo S.p.a.

European defense stocks on Friday fell to their lowest levels since early September after Ukrainian President Vladimir Zelensky <a href="https://oninvest.com/article/kiev-soglasilsa-na-peregovory-s-trampom-po-novomu-mirnomu-planu-v-nem-28-punktov">said</a> he was ready to work "honestly" on a U.S.-backed plan to end the war, Reuters <a href="https://www.reuters.com/business/aerospace-defense/european-arms-makers-stumble-ukraine-peace-push-2025-11-21/">writes</a>.

European defense securities fall to lowest since September over peace plan

The sell-off in European defense stocks, which have fallen about 10% over the past month, was "unwarranted and provides a compelling entry point into the sector," according to JPMorgan analyst David Perry. His opinion <a href="https://www.marketwatch.com/story/the-wars-not-over-jpmorgan-says-investors-were-too-quick-to-sell-europe-defense-stocks-on-hopes-of-ukraine-peace-0205739a?mod=newsviewer_click">is published by</a> MarketWatch.

The world is not close: JPMorgan deemed Europe's defense stock sell-off hasty

Kongsberg Gruppen ASA

Valuation revisions followed the papers' collapse of 18% in a day

In 24 hours, eight analysts have upgraded their rating on shares of the Norway-based company. What is it?

Hanwha Ocean Co., Ltd.

Hyundai Motor Company

Kia Corporation

Wall Street analysts recommend buying the securities of these companies

Shares of auto companies and shipbuilders in Korea soared in trading. They were backed by Trump

NVIDIA Corporation

OpenAI's competitor Cohere, in which Nvidia has invested, intends to launch an IPO in the US soon. Unilever, one of the world's largest FMCG producers, faces the risk of postponing the planned November IPO of its ice cream business due to the US shutdown. American electric car manufacturer Rivian will pay $250 million to shareholders accusing it of fraud in the initial public offering. The main events on the IPO market during the week are in our selection.

Listing of OpenAI competitor, Unilever and the Rivian trial: What's important about the IPO by Oct. 26

Oracle Corporation

Meta Platforms, Inc.

Advanced Micro Devices, Inc.

Occidental Petroleum Corporation

Energy Transfer LP

Chevron Corporation

Lockheed Martin Corporation

General Dynamics Corporation

Northrop Grumman Corporation

RTX Corporation

Apple Inc.

The Boeing Company

Exxon Mobil Corporation

MP Materials Corp.

Lithium Americas Corp.

Micron Technology, Inc.

International Business Machines Corporation

Taiwan Semiconductor Manufacturing Company Limited

The first nine months of U.S. President Donald Trump's second term have been a driver for a new investment cycle in the U.S. - focusing on AI infrastructure, defense, energy and critical minerals. The result is a select group of companies - informally referred to as "MAGA stocks." Vadim Merkulov, Director of Research at Freedom Finance Global, believes that despite major announcements and stock movements against this backdrop throughout 2025, some key structural drivers remain undervalued by the markets.

MAGA companies: where to look for growth potential

Defence Industry