defense floor holds into earnings catalysts
Northrop Grumman and other defense names have found a near-term floor after earlier war-related gains and I am slightly bullish on some defense stocks heading into their upcoming reports.
Northrop Grumman and defense peers have stabilized near a floor after earlier geopolitical-driven gains, with earnings reports acting as near-term catalysts. Contract backlog and sustained geopolitical demand support a slightly bullish outlook into results.
"Wall Street Just Forgot About a War"