2024-08-05 10:15:00 ET
Shares of RTX (NYSE: RTX) surged to a new all-time high following the release of its latest quarterly earnings. The defense and aerospace company beat expectations with management citing "unprecedented demand" across its product portfolio.
Long-time investors have a lot to be cheering about with shares of RTX up about 39% this year. On the other hand, investors on the sidelines might be wondering if it's too late to climb aboard this rocket.
Here's why I believe the rally in RTX can continue.
For further details see:
RTX Stock Is Up 39% This Year. Can the Rally Keep Going?