The analyst calls the bottom on defense stocks, highlighting AVAV's strong quarter and JPMorgan's increased investment in defense-related companies, signaling a bullish stance on defense stocks.
AVAV beat revenue by 15% and EPS by 24%; JPMorgan is pushing a $10B investment plan targeting defense companies; Jamie Dimon endorses the defense long.
https://t.co/HyyshenZBC
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +4.5% | +4.6% |
| 1 week | -1.5% | -1.7% |
| 1 month | -11.2% | -10.5% |
| 3 months | — | — |
| 6 months | — | — |