Defence stocks lose momentum. Does it signal the end of easy gains?

Experts caution that rich valuations, lumpy growth and cash-flow risks mean only a handful of companies in the defence sector may be able to outperform the broader market from here.

Dec 26, 2025 - 04:00
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Defence stocks lose momentum. Does it signal the end of easy gains?
Experts caution that rich valuations, lumpy growth and cash-flow risks mean only a handful of companies in the defence sector may be able to outperform the broader market from here.

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