Mike Philbrick SPDR® S&P Aerospace & Defense ETF XAR-N TOP PICK Aug 31, 2018

With trade wars, comes wars, he says. With the Trump Administration spending $700 million defense spending bill, the highest investment in a decade, he expects good things. It is a great technology play without the massive overvaluations, due to the anticipated use of robotic and other advanced technology.

Mike Philbrick

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Defence stocks. XAR-N Is an aerospace and defence ETF. The problem with an alternate ETF was that its biggest holding was Boeing. Each defence stock does something different. Operating margins are around the mid double digits.

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ITA-N vs. XAR-N He knows the defence sector. A problem in defence is the huge run-up in Boeing, which dominates defence. ITA has a cap system in place to deal with this over-concentration in a few defence stocks, but XAR is odd because it's equal-weighted, therefore carries more risk. He prefers ITA.

PAST TOP PICK

(A Top Pick Aug 31/18, Down 10%) A tailwind of spending is behind them, however, he feels a change is coming. This sector will suffer significantly if the market moves down. Be careful.

PAST TOP PICK

(A Top Pick Aug 31/18, Up 15%) There is a backlog in airplane purchases that is not going to go away. It is an alternative play on tech.

TOP PICK

He specializes in defence stocks. Not for ESG investors. Ukraine needs more defence and the US will replenish these supplies, depending on what Putin does. This holds Raytheon, Boeing and the other big names.

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Mike Philbrick SPDR® S&P Aerospace & Defense ETF XAR-N TOP PICK Aug 31, 2018

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