The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw
Published . Updated .
An interesting tug of war is happening in one of the market's hottest sectors: utilities.
Directly affected
- No company is named in this report.
Indirectly affected
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- NOC Northrop Grumman
Defense contractors get more work when conflict spending rises
- GD General Dynamics
Defense contractors get more work when conflict spending rises
- ITA iShares U.S. Aerospace & Defense
A fund of aerospace and defense companies
- BA Boeing
Defense and aerospace orders move with conflict spending
- LHX L3Harris
Defense contractors get more work when conflict spending rises
- HII Huntington Ingalls
Shipyards benefit when naval spending rises
- AQN Algonquin Power & Utilities Corp
GA selected AQN as a RELATED security because its canonical security name directly matches this event's themes: utilities, power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- XAR SPDR SERIES TRUST
Material security escalation can alter defense demand expectations and risk premia.
Price reaction, T-5 to T+3
An interesting tug of war is happening in one of the market's hottest sectors: utilities.
Source: CNBC Top
Price since this story was published: Algonquin Power & Utilities (AQN)
Since the first closing price after “The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw,” Algonquin Power & Utilities (AQN) is +1.78%. The S&P 500 fund (SPY) is -1.08% over the same days, a +2.86% difference versus the market. industrial stocks (XLI) is -1.99%, a +3.76% difference versus that group of stocks.
Algonquin Power & Utilities (AQN) on one side of this defense story
Companies carried with this story
- AQN Algonquin Power & Utilities
In “The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw,” Algonquin Power & Utilities (AQN) is linked, with no stored direction, medium confidence. Reason on file: GA selected AQN as a RELATED security because its canonical security name directly matches this event's themes: utilities, power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ITA IShares U.S. Aerospace & Defense ETF
For “The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- XAR Spdr Series Trust
For “The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- FPS Forgent Power Solutions
For “The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw,” Forgent Power Solutions (FPS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FPS as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- LECO Lincoln Electric Holdings
In “The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw,” Lincoln Electric Holdings (LECO) is linked, with no stored direction, medium confidence. Reason on file: GA selected LECO as a RELATED security because its canonical security name directly matches this event's themes: electric. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- POWI Power Integrations
Power Integrations (POWI) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw.” Reason on file: GA selected POWI as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- PSIX Power Solutions International
For “The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw,” Power Solutions International (PSIX) is linked, with no stored direction, medium confidence. Reason on file: GA selected PSIX as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- SPRU Spruce Power Holding
In “The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw,” Spruce Power Holding (SPRU) is linked, with no stored direction, medium confidence. Reason on file: GA selected SPRU as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Algonquin Power & Utilities (AQN) and the defense link
“The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw” (2 Oct 2026) reaches Algonquin Power & Utilities (AQN) through Defense.
Algonquin Power & Utilities (AQN) is on the page because GA selected AQN as a RELATED security because its canonical security name directly matches this event's themes: utilities, power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
IShares U.S. Aerospace & Defense ETF (ITA) is here too. Its reason reads: Material security escalation can alter defense demand expectations and risk premia
What this defense story puts on the calendar
AQN traded between 4.92 and 5.29 across 20 sessions. The latest close on file is 5.16. ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.
The defense score for Algonquin Power & Utilities (AQN)
46 out of 100
“The sector in the cross hairs of the bond sell-off looks poised for a bounce, says Mike Khouw” scores 46 out of 100. The score uses 1 sources, and 11 linked companies.