More good economic news. The government reported that July was the strongest month for durable goods in two years.

Orders for U.S.-made durable goods jumped 5.9% in July on higher demand for airplanes, vehicles, computers, machinery, steel and most other kinds of long-lasting manufactured goods, the Commerce Department reported Friday.

Excluding the 10.8% increase in transportation goods, orders rose 3.7%, the fastest gain in two years.

The increase far exceeded the expected 1.5% gain forecast by economists surveyed by MarketWatch. It was the largest gain in total orders in nearly a year.

This means that exports are continuing to boom thanks to the weak U.S. dollar. This is especially good news for my favorite defense stocks like Precisions Castparts (PCP), and other aviation suppliers. I currently recommend Precisions Castparts in both my Blue Chip Growth and Emerging Growth services.