Time To Buy Defense Stocks, Analyst Says. Cathie Wood Is Buying.

Defense stocks traded unevenly higher early Wednesday following a bullish research note from Citi. Huntington Ingalls was one of the leaders in the S&P 500 on the day. AeroVironment (AVAV) retreated after earnings. Cathie Wood purchased some AVAV shares amid Wednesday's decline. Citi analyst Jason Gursky in a research note reported by The Fly.com wrote that defense stocks have "de-rated…