Benzinga - News has been making the rounds on Tuesday evening about the intelligence officer whistleblower named David Grusch who has come out and claimed that there are UFO/UAP crash retrieval and reverse-engineering programs nested within DoD and commercial Special Access Programs that have been hidden from Congressional oversight for decades.
Although this may be difficult to believe, the Pentagon cleared the whistleblower’s public comments and he has testified in front of Congress for 11 hours, and his colleagues in the intelligence community are vouching for him personally and have also confirmed that his claims are true.
The original story was posted at the Debrief on Monday and it has now been picked up by Fox News, Newsweek, and the Guardian among dozens of other noteworthy global media outlets.
Describing this story as a game-changer with regard to the UAP topic could not be more of an understatement as the likely scenario here is that the UFO cat is now out of the bag and this is going to become a public, Congressional issue.
The presence of non-human intelligence on Earth, in possession of exotic-propulsion vehicles, could turn the world upside down soon enough, but in terms of stock market investing there is still plenty of time to position for traders to position their portfolio to profit off of this news. Below, Benzinga takes a look at the stocks and ETFs that will likely begin benefitting as early as Wednesday morning.
Virgin Galactic (NYSE: SPCE) - This company is the leading publicly traded commercial space exploration provider and will likely skyrocket on this news for a number of reasons. Virgin Galactic has already been cleared for commercial flights and news of the existence and reverse-engineering of exotic-propulsion vehicles immediately sets up a very speculative scenario where the space exploration industry is worth $1 trillion or more in as little as a decade. This compares to the company’s current market cap of $1 billion.
In addition, Steve Justice, a former director at Lockheed Martin (NYSE: LMT) Skunkworks – the experimental design outfit that will be most closely associated with the reverse-engineering programs in the private sector – is currently a VP of engineering at Virgin Galactic. Rumors and innuendo about off-world vehicles and materials being possessed by Skunkworks have been swirling for years.
A third catalyst in this name is the very high short interest, which is currently sitting at 25% of the float. As this story continues to garner global attention, these shorts may get caught up in a nasty squeeze as according to Finviz, it will take nearly 6 days for the entire short-float to be covered. If SPCE opens dramatically higher on Wednesday morning, look for the short squeeze in this name to commence.
Meta Materials (NASDAQ: MMAT) – The thesis behind this name is related to a quote in the Debrief article related to testimony that objects have been retrieved that are “of exotic origin (non-human intelligence, whether extraterrestrial or unknown origin) based on the vehicle morphologies and material science testing and the possession of unique atomic arrangements and radiological signatures.” In other words, metamaterials.
Former career intelligence officer Jonathan Grey was quoted in the report saying, “The existence of complex historical programs involving the coordinated retrieval and study of exotic materials, dating back to the early 20th century, should no longer remain a secret.”
MMAT is a small company with a current market cap of just over $100 million, but the stock – which closed up better than 17% on Tuesday – traded above $12.00 in the summer of 2021. This is absolutely a name to keep an eye on as this story continues to develop.
ETFs To Watch
Procure Space ETF (NASDAQ: UFO) – Not surprisingly, UFO jumped around 2.50% on Tuesday and may be active again on Wednesday.
Direxion Moonshot Innovators ETF (NYSE: MOON) – The ETF traded around 5% higher on Tuesday as this story gained momentum over the day.
ARK Space Exploration & Innovation ETF (BATS: ARKX) – This is one of Cathie Wood’s niche offerings at Ark Invest. The ETF traded up a little more than 2% on Tuesday and more gains are likely ahead.
Featured photo by NASA on Unsplash.
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