RTX: Why I Remain One Of The Biggest Bulls On The Market

(15min)

Summary

  • RTX is soaring as it reports impressive earnings and strong demand in both defense and commercial sectors, outpacing broader market declines.
  • Recent performance highlights include a 61% return since last October, driven by a robust backlog and significant R&D investments.
  • Despite market volatility, RTX's solid fundamentals and increasing guidance justify a Strong Buy rating. I’m actively expanding my position in the stock.
  • Looking for more investing ideas like this one? Get them exclusively at iREIT® on Alpha. Learn More »
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Introduction

The markets are in turmoil.

As reported by Bloomberg, big tech lost roughly $3 trillion in market value in less than a month, as the Nasdaq 100 has declined for four straight weeks.

Meanwhile, the VIX has spiked, indicating the highest

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This article was written by

42.9K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RTX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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