yahoo Press
Jim Cramer on RTX Corporation: “I’d Buy the Stock Ahead of the Quarter”
Images
The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. RTX Corporation (NYSE:RTX) was one of the stocks on Jim Cramer’s recent Mad Money game plan. Cramer emphasized that the stock has had a “rare dip” as he remarked: I like RTX because there’s a curious mixture of defense and commercial aerospace. It’s had a rare dip here. I’d buy the stock ahead of the quarter. These RTX dips, they tend not to last. A stock market data. Photo by AlphaTradeZone on Pexels RTX Corporation (NYSE:RTX) makes aerospace and defense systems for commercial, military, and government customers. The company builds aircraft engines, avionics, and defense technologies, and also provides maintenance, training, and support services. While advising investors to stick by the defense sector during April 10’s episode, Cramer stated: The other big name in the missile system is RTX, which is buying some of the most popular missile programs. The Patriot missile is still the gold standard. The SM-3 interceptors, if you have a rocket headed your way, that’s the technology that… You really gotta hope it’s defending you. Now, RTX also makes Tomahawk cruise missiles that our government reportedly is running low on, we had so many of them, after shooting hundreds of them, I think it’s probably more than that, at Iran in the past few weeks. RTX actually had the biggest gains of any prime defense contractor last year. It’s up 58% because the company benefits from both the hot defense market worldwide and an even hotter commercial aerospace market. I still like it here. While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.
Comments
You must be logged in to comment.