Today, we revisit the military preparedness question following President Trump's nearly $700 billion military budget to attempt to make our military readiness better. We think the recent weakness in the defense sector stocks provides an interesting entry spot for investors.
Indeed, many of the defense stocks have collapsed since their mid-April all-time highs. Concurrently, the iShares U.S. Aerospace & Defense ETF ([[ITA]]/$198.47) has pulled back. Believe it or not, the defense stocks are not just, well defense stocks, but technology stocks, as well. Take Lockheed Martin's (LMT) secretive Skunk Works division. As Wikipedia writes:
Skunk