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Government Shutdown Creates Buying Opportunity for Defense Stocks
Government Shutdown Creates Buying Opportunity for Defense Stocks
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BTCCSquare news:
Northrop Grumman and Lockheed Martin face near-term uncertainty as the federal shutdown enters its fourth week. Aerospace and defense ETFs like iShares U.S. Aerospace & Defense ETF (ITA) and Invesco Aerospace & Defense ETF (PPA) have underperformed the broader market, presenting a potential entry point.
Morgan Stanley analysts suggest muted outlooks during earnings season may be temporary. "We'd be buyers of tepid Defense outlooks," they note, anticipating upward revisions once government funding clarity emerges. The sector's underperformance contrasts with the S&P 500's 2% gain last week.
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