Is it Time to Invest in Discounted Defense Stocks?

On Nov 6 General Dynamics Corp, one of the leading defense stocks in the military industrial complex, was trading above $310 a share. Once DOGE became a household name and the focus was on US budget cuts, the fear was the defense budget had a lot of fat to cut and many defense stocks would suffer. In the past 3 months GD has dropped almost 25%. We think that the market is not accounting for the increase in European defense budgets. Maybe it's time to take a look at some of these distressed defense stocks.