![]() Most Undervalued Defense Stocks To Buy According To Hedge Funds 10. To gauge hedge fund sentiment we used Insider Monkey’s proprietary database of 943 hedge funds and their holdings as of the end of the last quarter of 2022. ![]() ![]() From the long list of the stocks in the resultant dataset, we picked 10 pure-play defense stocks with the highest number of hedge fund investors. A Bloomberg report in May 2022 cited Richard Aboulafia, a managing director with consultancy AeroDynamic Advisory, who said the following on the outperformance of the defense sector relative to the market:įor this article, we first used the Finviz stock screener to identify stocks from the aerospace & defense category which have PE ratios under 35, which is much lower than the industry PE average of 53 as of February 27. Increasing geopolitical tensions made the defense sector virtually immune to the broader market turmoil unfolding in 2022. ![]() The Russian invasion of Ukraine and President Biden’s pledge to continue helping Ukraine against the Russian aggression have provided a strange boost to the defense sector, where spending seems to keep gaining momentum despite inflation worries for the rest of the industries.Īccording to Bloomberg, Mary Ann Bartels, chief investment strategist at Sanctuary Wealth, who has a positive outlook on the market based on her view that the broader market will start gaining momentum in the second half of 2023, believes any “pullback in the coming weeks and months will be an opportunity to buy.” The analyst specifically favors aerospace and defense stocks. To see more such companies, go directly to 5 Most Undervalued Defense Stocks To Buy According To Hedge Funds. In this article, we will take a look at the 10 most undervalued defense stocks to buy according to hedge funds. ![]()
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