joining us uh to take a look at defense and aerospace stocks. Tony Bankrooft, uh Gabelli Funds portfolio manager. He's also a former lieutenant colonel uh in the US Marines.Aren't you still a lieutenant colonel. Can Can I still I want to call you that. I am.>> It's great to have you on. It's a special day today, too, isn't it. >> Sure is.250th birthday of the United States Marine Corps. >> That's a good reason to have to have you on here. Um >> and tomorrow's Veterans Day tomorrow.It's kind of a >> easy to ...

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Russia suffers huge casualties, but its new drone-powered assault is working https://t.co/dlf06USQ9q ...

'My skin was peeling' - the African women tricked into making Russian drones https://t.co/gLjBSXiDNj ...

Core Insights - The defense industry is currently dominated by major firms, but their market share is gradually declining due to the rise of faster and more efficient companies that are not yet recognized by investors [1] Group 1 - The top 10 defense firms continue to lead the market [1] - Emerging companies are gaining traction and could pose a threat to established players [1]

Market Trends & Performance - S&P 500 futures are positive, expected to gain approximately 30 points, equivalent to about 04% [1] - NASDAQ has experienced eight consecutive positive Mondays [1] - The market is performing well, with November typically being a positive month; years with a 17% increase tend to see an additional 3-5% gain in November and December [3] - Equal weighted S&P underperformed market cap weighted S&P by approximately eight percentage points this year [5] Investment Opportunities & Strategies - Diversification into ETFs like XMAG or equal-weighted products is reasonable, especially with heavy exposure to the "Magnificent Seven" [7] - Significant investment opportunities exist in AI, AI infrastructure, and AI power spend, driven by substantial capital expenditure buildout, potentially in the trillions [7] - A McKenzie report indicates a need for a 165% increase in energy and AI infrastructure to support the buildouts of the "Magnificent Seven" companies [7] - Investors are actively seeking the next Nvidia in the AI power sector, with tangible opportunities emerging, such as Google raising debt for AI power and infrastructure [10][11] Emerging Technologies & Future Outlook - Quantum computing is positioned for long-term growth over the next 5-10 years, similar to AI in its early stages, requiring acceptance of choppiness and volatility [12] - Drones and AI are transforming warfare and information gathering [13]

Core Insights - REX Shares has launched the REX Drone ETF (DRNZ), the first ETF specifically focused on the drone and unmanned aerial vehicle (UAV) industry [1] - The ETF tracks the VettaFi Drone Index, which includes both "pure play" and diversified drone companies [1][2] - The global drone market is projected to double over the next decade, indicating significant growth potential [4] ETF Structure - The index allocates 80% of its weight to pure-play firms, which derive at least 50% of their assets, revenue, or profits from drones or enabling technologies [2] - The remaining 20% is allocated to diversified firms that derive at least 20% of revenue from drones or UAVs, or are defense companies with dedicated drone R&D programs [2] - The ETF consists of a portfolio of 38 global stocks, with top holdings including AeroVironment Inc. (14%), DroneShield (10.6%), and Ondas Holdings (10.1%) [3] Market Context - DRNZ enters a competitive market with the recent launch of the Defiance Drone & Modern Warfare ETF (JEDI), which has gathered $24 million in assets [6] - JEDI has a broader focus on military technologies, while DRNZ specifically targets the growth of drones beyond military applications [8] - JEDI's top holdings include Palantir (7.8%) and AeroVironment (7.3%), indicating a different investment strategy compared to DRNZ [7] Expense Ratio - The REX Drone ETF charges an expense ratio of 0.65% [5]

Until recently the West has concentrated on drones that work well in limited battles against lesser opponents. The Ukrainian-Russian battlefield is different https://t.co/xSDAy01TFu ...

Industry Outlook - A new era of commerce may arrive if regulators get their rules right [1] Drone Technology - Many Americans may perceive this as drone hype [1]

Ukraine is deploying around 9,000 drones per day to fend off Russia’s ongoing assaults, according to a top Ukrainian military official, a figure that underscores just how crucial drones have become to the ongoing war https://t.co/IC4sVl1jfU ...