RTX - Up Over 15% Do These Dividend Stocks Have More Room to Run in 2023?
While the S&P 500 and the Nasdaq Composite are both in bear market territory (down over 20% from their all-time highs), it may surprise investors that many energy and industrial stocks are actually up on the year.
The energy sector has been the standout -- up 59% year to date (YTD), while the industrial sector -- despite its cyclical nature -- is only down 7%.
Defense giant Raytheon Technologies (NYSE: RTX) and earth-moving equipment and industrial machinery manufacturer Caterpillar (NYSE: CAT) are both up over 15% YTD, while multi-faceted energy dynamo Phillips 66 (NYSE: PSX) is up over 44%.
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Up Over 15%, Do These Dividend Stocks Have More Room to Run in 2023?