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US Defense Stocks Take Epic Fury Beating, Leaving UBS Asking Why
US Defense Stocks Take Epic Fury Beating, Leaving UBS Asking Why
Despite the launch of Operation Epic Fury against Iran in late February, U.S. defense stocks have moved lower rather than higher, prompting a UBS analyst to pen a note to clients this week attempting to answer why the makers of missiles and tanks failed to sustain a wartime rally.
Analyst Allyson Gordon asked the question: "Why Is US Defense Performance Lackluster?"
Let's start with iShares U.S. Aerospace & Defense ETF, or ITA, a basket of major U.S. defense firms. ITA caught...
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