10 Hot Stocks Investors Are Buying, 5 Break Fresh Records

8. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Kratos Defense extended its rally for a fifth straight day on Tuesday to hit a new all-time high as investor sentiment was boosted by the US government’s loosened export restrictions for military drones.

During the session, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) touched a new 52-week high of $76.62 before trimming marginal gains to end the day just up by 7.93 percent at $76.35 apiece.

This followed the US government’s readjustment of export control that would allow an easier exportation of military drones that were previously bogged down by a Missile Technology Control Regime agreement.

Under the new policy approved by Secretary of State Marco Rubio, drones will now be classified as fighter jets, such as the F-16, rather than missile systems, enabling drone sales to countries like the United Arab Emirates and European countries that have struggled to acquire the US’s best unmanned aerial vehicles.

For Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), the new policy could spark sales growth as its products can now be treated as “foreign military sales,” allowing them to be easily sold internationally.