2024-04-29 11:25:51 ET
Summary
- We had our RTX Corp. shares called away with the latest weekly options expiration; this was after shares had been on a solid rebound from last year's lows.
- The company's valuation is near the upper bounds of its historical fair value range, making it easier to let the shares go for now.
- RTX is expected to have strong free cash flow and earnings growth, making it a solid investment option to continue holding, but I'll be looking to get back in lower.
Written by Nick Ackerman.
With the latest weekly options expiration, we are saying goodbye to our shares of RTX Corporation ( RTX ), which were called away at $100. We gave up a bit of upside, given that the shares ended up finishing more than a dollar over our strike. I had contemplated rolling this trade out for another month to collect the next quarterly dividend. It has historically gone ex-dividend in mid-May, and the Q2 dividend has also historically been when they raised it....
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RTX Corporation: A Solid Investment But Looking More Expensive These Days