2024-04-23 14:04:12 ET
Summary
- RTX Corp. (formerly Raytheon Technologies) has seen a big increase in its stock price and has become a core holding in family portfolios.
- The company reported strong quarterly earnings, with organic sales growth of 12% and a record backlog of more than $200 billion.
- RTX benefits from government contracts and is investing in R&D to stay competitive, with a focus on next-generation technologies and products.
Introduction
It's time to do one of my favorite things - discuss RTX Corporation ( RTX ) .
While I'm writing this, the company, formerly known as Raytheon Technologies, is my fifth-largest dividend (growth) investment and one of the most important holdings across all family portfolios.
Although I have been a buyer since the end of the pandemic, I started to become a very aggressive buyer last year when RTX was hit with issues related to its GTF engine.
Currently, I'm up 50%.
We were buying so aggressively that RTX has become a core holding of all family portfolios....
Read the full article on Seeking Alpha
For further details see:
Even With Big Gains, I'm Still Convinced RTX Is One Of The Best Dividend Stocks On The market