ONDS, UMAC, KTOS, RCAT: Trump’s Drone Bet Has Retail Piling – But One Stock Stands Out With 70% Upside Potential

Trump's drone push has investors scrambling for exposure. Shares of Ondas Holdings (ONDAS), Unusual Machines (UMAC), Kratos Defense & Security Solutions (KTOS) and Red Cat Holdings (RCAT) surged after reports that the Pentagon is exploring funding deals with drone manufacturers, but Wall Street sees one stock offering significantly more upside than the rest.

RCAT Stock Records Biggest Single Day Gains In More Than Four Years – And It’s Not Just Due To A Drone Play

The vessel can be customized with different sensors, payloads, and communication systems based on mission needs, the company said.

RCAT stock breached its 100-DMA for the first time in over a month.

Drone stocks have seen strong gains after The Wall Street Journal reported that the U.S. government is considering financial support for domestic defense technology firms.