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RTX - ITA ETF: Not The Best Bet For Diversified Value
Raytheon Technologies Corporation
2024-06-18 13:38:16 ET
Summary
Defense budgets are not increasing as much as one would think.
ITA Aerospace ETF underperformed compared to other aerospace ETFs and the S&P 500 due to heavy weighting on three underperforming stocks.
Despite challenges, there is still value in the aerospace and defense industry, but investors may be better off hand-picking stocks for diversification.