Defense Stocks Need Delivery on Earnings to Keep the Rally Alive

An unhappy mix of frothy valuations and sluggish earnings delivery has caught up with defense stocks, straining the markets’ previous enthusiasm to buy into any dips.

By Michael Msika, Isolde MacDonogh · Bloomberg Markets

An unhappy mix of frothy valuations and sluggish earnings delivery has caught up with defense stocks, straining the markets’ previous enthusiasm to buy into any dips.