We recently published 10 Stocks Jim Cramer Talked About As He Said Everyone Won From Trump’s Japan Deal. RTX Corporation (NYSE:RTX) is one of the stocks Jim Cramer recently discussed.
RTX Corporation (NYSE:RTX) is one of the biggest defense contractors in America. Its shares have gained 34.7% year-to-date as the firm has benefited from strong earnings performance, bullish analyst sentiment, and conflict in the Middle East and Europe. Cramer’s previous remarks about RTX Corporation (NYSE:RTX) have speculated that thawing trade tensions between the EU and the US could include strong demand for the firm’s products. This time, he quoted market sentiment that favors RTX Corporation (NYSE:RTX) over peer defence contractor Lockheed Martin.
“RTX, by the way, pushed by a number of people, saying that’s the defense stock you want to be in, not Lockheed Martin.”
Photo by Thisisengineering Raeng on Unsplash
Here’s what Cramer said earlier about RTX Corporation (NYSE:RTX) and trade tensions between the EU and the US:
“And I think the EU may end up lining up with the President, cause he’s the President and the next thing you know we have a deal and we’re now providing missiles and RTX is a solid buy. And these big tech stocks will not be taxed. . .”
While we acknowledge the potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
