10 Best Momentum Stocks to Buy Right Now

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5. RTX Corporation (NYSE:RTX)

Year-to-Date Performance: 30.64%

Number of Hedge Fund Holders: 79

RTX Corporation (NYSE:RTX) ranks among the best momentum stocks to buy. Jefferies reaffirmed its Hold rating and $160 price target for RTX Corporation (NYSE:RTX) on July 21 in response to MTU’s Paris Air Show updates.

MTU increased its revenue forecast for 2025 from low teens to mid-teens growth, with EBIT margins expected to increase by about 100 basis points. While RTX Corporation (NYSE:RTX) retains a long-term mid-teens margin target reliant on OEM pricing and restructured GTF long-term agreement contracts, MTU wants to reduce its margins from 15.4% to 14.5–15.5% by 2030.

In addition, RTX Corporation (NYSE:RTX) subsidiary Raytheon recently won a $74 million contract to manufacture RAM Guided Missile Launching Systems for the U.S. Navy. The largest single order of RAM launchers placed in the United States in more than 20 years, the contract includes new launcher systems and the restoration of old ones.

RTX Corporation (NYSE:RTX) offers services and technologies to government, military, and commercial customers. The company operates through three main divisions: Collins Aerospace, Pratt & Whitney, and Raytheon.

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