MISL: Don't Fear The Decline, Think Long-Term
Portfolio Pulse from
Despite recent declines in defense stocks like those in the First Trust Indxx Aerospace & Defense ETF (MISL) due to fears of budget cuts, the proposed $895 billion defense budget for 2025 suggests cuts are unlikely. MISL's underperformance is seen as temporary, with a long-term bullish outlook.
December 13, 2024 | 8:00 pm
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MISL has declined due to fears of defense budget cuts, but the proposed $895 billion budget for 2025 suggests these fears are unfounded. The ETF's recent underperformance is likely temporary, with a long-term bullish outlook.
The article highlights that despite recent declines in defense stocks like MISL due to fears of budget cuts, the proposed $895 billion defense budget for 2025 suggests that cuts are unlikely. This indicates that the recent underperformance of MISL is temporary, and the long-term outlook remains positive due to sustained defense spending.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90