The Offense in Defense – Can European Defense Stocks Reload for New Highs?

Catching up to reality?

European defense stocks moved sharply higher from the start of the year up until late May. Since then we have seen momentum fade. Nothing huge, but does the sector have what it takes to take out new highs, or do we see a consolidation/correction. From the top in %: RHMG, HAGG, LDOF, SAAB, TCFP, BAES.