Why aren’t defense stocks really taking off?


I am not really familiar with the defense industry so with Ukraine I thought that it should be an opportunity. So I dipped my toe and bought some XAR. It has been fairly steady but with Israel it has started to move. Thinking that maybe I should be looking at the stocks, I have been following a few. GD popped a bit after earnings which also coincided with the 6th. LMY, NOC and RTX started to move on the 6th as I would have thought. Any thoughts, insights, etc.


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