Defense Sector: Overbought or Resilient?
AVAVAeroVironment(AVAV) Schaeffers Investment Research·2024-09-04 22:36

Subscribers to Chart of the Week received this commentary on Sunday, September 1.Last week, venture capitalist Y Combinator—the money behind Twitch, DoorDash (DASH), and Dropbox (DBX) – began the backing of Ares Industries, a defense company that builds cruise missiles. Silicon Valley and the military historically go together like oil and water. But follow the money and it makes sense; the aerospace and defense sector are poised for robust growth in the next decade.It’s a troubled topic, but the iShares U.S ...