Global X Defense Tech ETF seen as a buy with potential rebound at $60 support level.

The Global X Defense Tech ETF (SHLD) is rated a 'Buy' due to reasonable valuation and technical signs of a rebound. Despite recent underperformance, SHLD offers diversified exposure to global defense modernization, with a strong long-term EPS growth rate above 13% and a mid-20s price-to-earnings ratio. The ETF is concentrated in industrials, holds over one-third of assets outside the U.S., and includes notable companies like Palantir. The price has reached a key long-term support near $60, where seasonal bullish trends may trigger a recovery. However, income yields remain low for investors seeking dividends.