Investing in aerospace and defense equities is buoyed by record order books and geopolitical tensions. Revenue forecasts for 2024 remain bullish, with high-margin contracts secured by sector leaders. The fund-management legend confessed that he has “no idea” whether the artificial-intelligence boom is resembling the dot-com bubble seen in the late 1990s and into the early months of 2000 and if investors might have chased that theme too far. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
