$Global X Defense Tech ETF(SHLD)$ has just recently hit its 52 week high at USD 47.00 as Defence spending by central governments especially the US, have boosted their military spending. The Top 10 holdings include $Palantir Technologies Inc.(PLTR)$
With geopolitical conflicts especially in the Middle East and Ukraine still ongoing, SHLD has jumped 10% in the past 5 days and 23% year todate. In 2024 SHLD has risen 43%.
Wall Street Analysts are bullish on SHLD with an average Target price of USD 49.18.
I like SHLD as it represents the best companies globally in the Defence Technology Sector. The Defence Tech sector spans sectors like industrials, Cybersecurity, AI and augmented reality. Global Defense spending is expected to grow at a 5% annualised rate to USD 3.4 Trillion by 2030.
@Daily_Discussion @TigerStars @Tiger_comments @TigerClub @CaptainTiger
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