How much damage can North Korea's weapons do?

The war of words between North Korea along with the United States had many traders on edge Wednesday. nevertheless investors in defense stocks were profiting even as the broader market fell.

Shares of several companies in which have big contracts with the U.S. military rose after President Trump warned in which North Korea would likely face “fire along with fury” if This kind of did not back down by threats to use nuclear weapons against the U.S.

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Shares of Lockheed Martin (LMT), Raytheon (RTN), Northrop Grumman (NOC) along with L3 Technologies (LLL) hit record highs Wednesday.

The defense sector has been a big market winner during the past few months. The iShares U.S. Aerospace & Defense ETF (ITA) is usually up 30% since the election.

Many investors felt in which defense stocks were great buys even before Trump’s win.

Related: Global markets wobble after Trump issues warning to North Korea

in which’s because his challenger Hillary Clinton was also viewed as being “hawkish” on defense — particularly when compared with President Obama — along with would likely have advocated for more defense spending.

nevertheless This kind of brand-new round of saber rattling by both North Korea along with President Trump ups the ante.

Trump touted the modernization of America’s own nuclear weapons in two tweets Wednesday morning nevertheless added in which he hoped the U.S. would likely never need to use them.

Kevin Miller, CEO along with portfolio manager of the E-Valuator Funds, said his firm has invested more heavily in mutual funds in which have increased their investment in defense stocks lately. nevertheless, he said the decision wasn’t tied to North Korea as much as the possibility of different global conflicts.

“We live in a troubled world. Don’t doubt in which Iran is usually watching how things play out with North Korea,” Miller said. “There is usually always going to be some hot spot around the globe.”

sy88pgw (brand-new York) First published August 9, 2017: 11:48 AM ET