Core Viewpoint - The aerospace and defense sector is experiencing significant growth due to increased military spending globally, with the United States alone projected to spend $900 billion this year, marking an all-time high [2]. Group 1: Market Trends - Countries worldwide are arming and rearming at unprecedented levels, contributing to a secular tailwind for the aerospace and defense industry [2]. - The sector has seen remarkable performance this year, and this trend is expected to continue [2]. Group 2: Stock Analysis - L3 Harris is identified as having the weakest chart among the three stocks but has shown potential for catch-up to market leaders [3]. - General Dynamics is highlighted as a leader in the sector with a strong performance, showing consistent buying on dips and a target price of $375 before potentially dropping to $325 [4]. - RTX has demonstrated bullish action, bouncing off recent lows and maintaining momentum, with the RSI still in the high 60s, indicating it is not overbought yet [4][5]. Group 3: Investment Sentiment - There is a strong buying interest in these stocks, with buyers consistently entering on red days, indicating a bullish sentiment in a secular bull market [5]. - The momentum for RTX is building, suggesting it may be a good candidate for future investment [6].

All right, welcome back. The Josh Brown spotlight is so bright today that it is shining on three, not two, three stocks on his best stocks list. Tell us more.>> Yeah, and I'm going to try to keep this concise uh because I want to make sure we get to all three. Bottom line is this is a tailwind that's probably secular. Uh countries around the world are arming and rearming like we haven't seen in decades.The United States will spend $900 billion alone uh this year, which is an all-time high. Um and we've got ...

Core Viewpoint - Shopify is set to announce its Q3 2025 earnings on November 4, with the stock having increased nearly 575% from its 2022 lows, approaching its all-time high reached in 2021. The upcoming earnings report raises questions about whether to continue investing in Shopify or to reconsider due to high valuations [1]. Financial Performance - Consensus estimates for Shopify's upcoming earnings report suggest revenue of nearly $2.8 billion, indicating a 28% increase from the previous year [3]. - Analysts forecast a net income of $0.34 per share for Q3, representing a 26% increase year-over-year. The company has previously beaten estimates in three of the last four quarters, although it fell short in the fourth quarter of the previous year [3]. Industry Outlook - The long-term outlook for Shopify is positive, as it operates within a growing e-commerce sector projected to expand at a compound annual growth rate (CAGR) of 19% through 2030, potentially reaching over $83 trillion in size [4]. - Shopify is the leading e-commerce platform in the U.S. by the number of active websites and holds a 10% share of the global market, positioning it to capture significant growth in the industry [4]. Challenges - Despite the growth opportunities, Shopify faces challenges, including a previous stock decline of up to 87% during the 2022 bear market, which was partly due to an unsuccessful attempt to establish a capital-intensive logistics business [5][6]. - The current valuation metrics indicate potential vulnerability, with a P/E ratio of 96 and a price-to-sales (P/S) ratio of 22, suggesting that the stock price may be ahead of its fundamentals [6].

Market Analysis - Expect market tests after significant rallies, referencing the period following April 8th [1] - Market turbulence is anticipated due to uncertainty surrounding technology transitions, innovation (A I), and long-standing policy issues [3][4] - Traders can capitalize on market turbulence [5] Economic Indicators & Events - The market is focused on the Federal Reserve's meeting at Jackson Hole [2] - Attention is directed towards the jobs number in the first week of September, with concerns about potential revisions or misses versus expectations [2][3] Investment Strategy - Investors are advised against blindly buying dips, instead focusing on identifying undervalued opportunities for intermediate and long-term investment [4] - Profit-taking is expected by bears, skeptics, and nervous investors, potentially triggered by events like the Fed meeting [2]

Market Sentiment & Outlook - The market is considered far from myopic, indicating a forward-looking perspective [2] - Bullishness is expected to continue for the next two to three years, suggesting a long-term positive outlook [7] - Institutions are anticipated to catch up in the market, implying potential future investment and market movement [6][10] - There's an expectation that money is on the sidelines and will enter the market, chasing performance [12] Financial Sector Analysis - Financials are poised for another leg higher by the end of the year, indicating potential growth in the sector [3] - Citigroup (City) is highlighted as a turnaround story due to streamlining operations and talent acquisition, with a technical target of $110 by year-end [4][5] Economic Policy & Interest Rates - A potential interest rate cut of 0.25% is anticipated, possibly in September [14][15]