HALO stocks rise as investors seek AI-resistant companies
The HALO trade, which stands for heavy assets, low obsolescence, is gaining traction among investors.
This trend is driven by the idea that companies with significant physical assets and low obsolescence are more resistant to AI disruption.
Examples of HALO stocks include FedEx and ExxonMobil, which are up around 30% since the beginning of the year.
The Roundhill Halo ETF, which tracks an index of HALO companies, was launched recently to capitalize on this trend.