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Dear Fellow Investor,
President Trump’s meeting with Ukraine President Zelensky didn’t end very well.
And at the moment, the flow of weapons to Ukraine has stopped and there could be a cancellation of further military aid and money.
If that’s the case, Europe could step up in defense of Ukraine, which is already boosting defense stocks, like UK contractor BAE Systems (BAESY). In fact, over the last few days, BAESY exploded from a low of about $58 to a recent high of $84.51. And while the stock is over-extended, it could see further upside momentum depending on future US/Ukraine relations.
Right now, as noted by Barron’s, “Where U.S. spending could go isn’t clear right now. Relations between Kyiv and Washington are now more fraught than ever after a tentative agreement to swap U.S. securities for Ukraine against Russia in exchange for mineral rights in the country fell apart. Trump and his lieutenants accused Zelensky of being ungrateful for past U.S. support, a signing ceremony was canceled and the Ukrainian delegation was asked to leave.”
If you want broader exposure to defense stocks, consider ETFs such as:
ETF: SPDR S&P Aerospace & Defense ETF (SYM: XAR)
The SPDR S&P Aerospace & Defense ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Aerospace & Defense Select Industry Index. The XAR ETF has an expense ratio of 0.35%.
Last trading at $166.55, the oversold ETF is just starting to pivot higher. We’d like to see it retest $180 a share initially.
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ETF: iShares U.S. Aerospace & Defense ETF (SYM: ITA)
The iShares US Aerospace & Defense ETF invests in stocks in the domestic aerospace and defense sector. These stocks can include companies that manufacture both commercial and military aircraft as well as other types of defense-related equipment. The ITA ETF has an expense ratio of 0.40% at the moment.
Last trading at $155.10, we’d like to see the rebounding ETF test $165 near term.
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ETF: Power Shares Aerospace & Defense ETF (SYM: PPA)
The Invesco Aerospace & Defense ETF tracks a market-cap-weighted index of US-listed stocks involved in the defense, military, homeland security and space industries. The PPA ETF has an expense ratio of 0.57%. Last trading at $117.12, the oversold ETF is starting to pivot higher. We’d like to see it retest $124 a share initially.
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Are there any other aerospace/defense stocks you've got your eye on right now? Hit "reply" to this email and let us know!
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