Howmet Aerospace is selling off today, tracking a broader downward trend across the aerospace and defense sector. This sector-wide weakness is largely driven by investor anxiety regarding the upcoming midterm elections, as market participants weigh the potential for a Democratic victory to thwart anticipated defense spending plans. While the company maintains a strong fundamental outlook with a consensus Moderate Buy rating and a Zacks Rank #1, it is currently caught in a wider rotation that has seen peers like GE Aerospace and ATI also trading lower.