XAR News and Press, SPDR S&P Aerospace & Defense From 01/19/23

Summary Defense equities continue to be a warm blanket for nervous investors. Despite soft 2023 relative performance, you'll find impressive uptrends in many of the industry's individual charts. With a low PEG ratio, shares look cheap for a GARP idea, but buying on a technical pullb...

Summary The aerospace and defense industry is recovering and the outlook is positive. Elbit Systems Ltd is Israel's biggest public high-tech arms and weapons company but weak earnings and revenues contributed to a deep dive in the share price. We are moderately bullish the stock wil...

Summary Easing supply chain pressures are evident in supplier delivery times, which have been rising at a slower pace recently. Labor shortages did not ease much even as demand weakened. Weak demand conditions are likely to continue limiting companies' ability to sustain high wage g...

Summary Manufacturing accounts for 8% of US employment, 20% of capital investment, and 35% of annual US productivity growth. Projects supporting growth for semiconductor fabrication, electric vehicle and battery plants, data centers, and warehouse/distribution centers now account for ap...

Summary Global business conditions worsened in the penultimate month of the year according to the JPMorgan Global Composite PMI, compiled by S&P Global. New order expansions were seen in merely three of the 21 sectors tracked by the global PMI - software & services, pharmaceutic...

Summary Surging stocks show markets believe hopes of a soft landing by the Fed to be true. We disagree and stay underweight developed market (DM) stocks. U.S. stocks jumped and bond yields plunged after October CPI rose less than the market expected. But sticky core inflation keep...

Summary U.S. midterm elections: Win, lose or draw for markets? What sectors may benefit from a divided government. Will equity markets get the post midterm election bump? For further details see: U.S. Midterm Elections: Win, Lose Or Draw For Markets? ...

Summary Do corporate earnings disappointments signal a weaker economy and easing inflation pressures, which could end this scary market—or are there more twists to come? When we look in detail at last week’s disappointing third-quarter reports from five of the bigges...

Summary We are still bullish on Elbit Systems, as in our previous Seeking Alpha articles, but there are more caveats and warnings. Demand for weapons and tech services is high rising in Israel, Elbit's primary and biggest customer. Defense stocks are choppy and Elbit will dip but ...

Summary I have said for weeks that the Fed needs to slow the pace of its tightening campaign. Powell apparently decided last week that the market was taking things too far. Corporate earnings are being released for the quarter and, so far, they aren’t that bad. It w...