The defense stocks jumped to near all-time highs following news over the July 4th extended weekend. The stocks have seen massive gains over the last five years turning my investment thesis on the sector more neutral to negative in the last year.
The big question is whether the recent news surrounding contracts, higher NATO spending and escalating tensions with North Korea warrant an even bigger rally in the likes of Lockheed Martin (LMT). Does one really want to own the stock now with people unanimously bullish on the sector and the stock after this massive five year run?
