Down but not out: why defence stocks are looking ready to rally
Northrop Grumman's strong earnings beat provided a temporary boost, but defence ETFs remain under pressure as NATO budget increases lag behind aggressive long-term targets. Political friction over local sourcing and the US midterms add further complexity to the global defense outlook.
Today's watchlist: DFND ETF, Austral, IYH ETF
Check out these stocks: www.moomoo.com/quote
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.