Jim Cramer Highlights RTX as a Play on Rising Defense Spending

RTX Corporation (NYSE:RTX) is one of the stocks Jim Cramer picked for his fantasy stock portfolio. Cramer compared the stock with Detroit Lions running back Jahmyr Gibbs, as he remarked:

“How about some other running backs? Remember, we’re looking for industrials that have exposure to secular growth drivers. So what about RTX, which is the old United Technologies’ aerospace business? It’s been merged with the old Raytheon. Aerospace and defense are both working here with Trump’s bill, including a trillion dollars of defense spending. Maybe we should say war spending… Call it the Department of War instead of the Department of Defense. What’s the NFL’s analog for RTX? Let’s go with Detroit Lions running back, Jahmyr Gibbs… RTX has two growth themes.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

RTX Corporation (NYSE:RTX) supplies aerospace and defense technologies, including aircraft engines, avionics, interiors, and mission systems, as well as defense solutions for threat detection and mitigation. Moreover, it provides aftermarket services and support for commercial and military customers worldwide.

While we acknowledge the risk and potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RTX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.