RTX - 3 Top Aerospace Stocks to Buy in July
It's shaping up to be an exciting month for the aerospace sector. Two of the three companies featured here, namely Raytheon Technologies (NYSE: RTX) and AAR Corp (NYSE: AIR), will be giving earnings with CAE (NYSE: CAE) to follow in August. According to Wall Street analysts, all three will report positive revenue growth after several quarters of declines. I think that could change the narrative around these stocks and lead investors to consider the exciting growth prospects of all three. Here's why.
Image source: Getty Images.
The projected improvement in sales in their respective quarters is graphically represented in the chart below. Of course, this reflects that the aviation markets fell off of a cliff in the second quarter of 2020 as the pandemic spread globally. So, looking at it pejoratively, all that's happening is that the industry is about to lap some easy comparisons with last year.
For further details see:
3 Top Aerospace Stocks to Buy in July