[JPMorgan's missile-systems call on MOG](https://www.cnbc.com/2026/07/20/jpmorgan-likes-this-missile-and-aircraft-systems-maker-heres-why.html) is a classic "late-cycle momentum endorsement." Stock up 61% YTD, elevated valuations, and suddenly a bank with deep defense relationships validates the thesis. But the forensic signal isn't the buy rating—it's the insider activity buried in the filings.