Geopolitics Alpha

Art Basel Las Vegas? The Fight Over Miami Beach’s Fair

Published . Updated .

After 18 months of negotiations and warnings that it might relocate to Nevada, the Art Basel fair will remain in Miami Beach through 2031.

Directly affected

  • No company is named in this report.

Indirectly affected

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman

    Defense contractors get more work when conflict spending rises

  • GD General Dynamics

    Defense contractors get more work when conflict spending rises

  • ITA iShares U.S. Aerospace & Defense

    A fund of aerospace and defense companies

  • BA Boeing

    Defense and aerospace orders move with conflict spending

  • LHX L3Harris

    Defense contractors get more work when conflict spending rises

  • HII Huntington Ingalls

    Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LMT———————
RTX———————
NOC———————
GD———————
ITA———————
BA———————
LHX———————
HII———————

After 18 months of negotiations and warnings that it might relocate to Nevada, the Art Basel fair will remain in Miami Beach through 2031.

Source: The New York Times

How solid the defense case looks

12 out of 100

“Art Basel Las Vegas? The Fight Over Miami Beach’s Fair” scores 12 out of 100. The score uses 1 sources.