RTX a defense contractor large cap LONG
Updated
RTX has earnings on April 23rd. It has been on a good trend higher since the last earnings. The
Russian war means US defense contractors will be in a growth mode for the intermediate
future. Depleted stores of weapons systems need to be replenished. Pieces and parts are
needed for damaged systems in need of maintenance. I see RTX and others such as GD and
LMT as good long-term trades or investments. Smaller companies in the areas of robotics and
drones may be worth a look. RTX is at its all-time high but it seems much higher is in its future.
Russian war means US defense contractors will be in a growth mode for the intermediate
future. Depleted stores of weapons systems need to be replenished. Pieces and parts are
needed for damaged systems in need of maintenance. I see RTX and others such as GD and
LMT as good long-term trades or investments. Smaller companies in the areas of robotics and
drones may be worth a look. RTX is at its all-time high but it seems much higher is in its future.
Note
RTX on a weekly chart with longer forecast.Note
Sideways price movement- Earnings are coming.Note
Pirce has continued sideways after a 10% gain in March. The Israeli Iron Dome in action has increased trader interest by measured searches tradingview.com/news/zacks:f89779e24094b:0-investors-heavily-search-rtx-corporation-rtx-here-is-what-you-need-to-know/
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