The latest trading day saw RTX (RTX) settling at $148.48, representing a +1.38% change from its previous close.
The latest developments in the Middle East understandably have many investors on edge. Defense stocks are a good way to smooth out any related volatility.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Raytheon's $18.3M SM-6 missile contract boosts RTX as rising global threats fuel missile defense demand.
Israel's attack on Iran is moving several assets early Friday, including defense stocks.
In the latest trading session, RTX (RTX) closed at $141.81, marking a +2.38% move from the previous day.
RTX lands multi-million-dollar defense contracts and rides on commercial travel demand, but supply woes and valuation raise caution.
RTX's $1.10B contract win boosts AIM-9X missile production for U.S. forces and foreign allies through 2028.
RTX wins major missile contracts, boosting Raytheon's momentum as global defense demand continues to rise.
High-quality assets like RTX and AbbVie are ideal for growth and income, offering inflation resilience and strong shareholder returns. RTX has a robust $217B backlog, rising global defense spending, robust margins, and a 32-year dividend growth streak, justifying its GARP valuation. AbbVie is rapidly replacing Humira revenue with high-growth drugs, maintains industry-leading margins, and delivers a 3.5% yield with double-digit EPS growth potential.
In the most recent trading session, RTX (RTX) closed at $136.48, indicating a +1.25% shift from the previous trading day.
RTX (RTX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.