NOC is not a buy-and-hold stock: it has lagged the S&P 500 over the last 20 years, and defense stocks as a whole have only short tactical moves, not long-term market outperformance. Still, NOC can be a tactical move here.
He framed it in years
“Bubble Popping Now: ‘Unhinged’ Market Warning | David Nicoski”
David Lin Published Oct 23 · 1 passage
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S&P 500 for three years over the last 20 years to me it's not a stock to buy and own it's it's been a relative underperformer even when you look at the defense stocks as a whole they have not outperformed the market over a long duration of time only short moves.
So, is is it a tactical move here in Deed or Northrup Grumman? Yes.