🟢 SHLD is trading 4.3% up today on defense strength and solid manufacturing data

SHLD is trading 4.3% higher in pre-market as the industrials sector extends its recent outperformance relative to the broader market.

• Strength in defense and aerospace is being driven by geopolitical tensions in the Strait of Hormuz and solid manufacturing/industrial production data.
• Industrials appear to be decoupling from AI-driven volatility, with investors favoring infrastructure and "real-economy" names.
• The move comes as major U.S. index futures remain mixed ahead of the June Employment Situation report.