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RTX - Magic Formula Update For April: Health Care Is Out Consumer Cyclicals Are In
Raytheon Technologies Corporation
Last month, I published a list of Magic Formula stocks that all had $2.5bn or greater market cap. In this update, I intend to look into how certain companies or segments of that selection have performed and how the Magic Formula selection has changed.
For those unfamiliar with the Magic Formula: its mechanics and merits were well explained in The Little Book That Beats the Market by Joel Greenblatt. The basis is ranking stocks according to earnings yield (EBIT/EV) and return on capital. Greenblatt has a website that does this for us for free and