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Warner Brothers returned a 4600% from the April 42 low following Pearl harbor until the 1946 declaration that "war activities" were over.

Note that the best niche was probably the smaller Car companies that were struggling prior to the war and whose stock prices were depressed and got a huge lift from the WW2 WAR effort. (Grahm Paige, REO Truck, Hupp Motors...)

If you reference back to 1938 when countries went into overdrive building up their military capabilities there are several Railroads that did great. At that time the US was providing materials to both sides and the railroads that moved materials/products in the mid west/rustbelt/east coast did great as well as the packaging companies that provided materials for the products to be shipped in.

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Q: What was the best stock investment during World War 2?
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