Jim Cramer Says “It’s the Perfect Time for RTX”

RTX Corporation (NYSE:RTX) is one of the stocks Jim Cramer recently highlighted. Cramer discussed the reason for the stock’s rally, as he said:

“The best quarter today came from RTX. Yeah, the old Raytheon United Technologies, defense contractor, commercial aircraft engine maker, that’s putting up staggering numbers. Why? RTX makes the complex military systems that are needed to defend our country and defend the countries of NATO.

With the former getting special attention from the president and the latter seeing more spending by its members away from the US because of President Trump, it’s the perfect time for RTX. These guys are working overtime to replenish our missiles because we sent so many of our stockpile to Ukraine. Management points out that while drones are important, you need a more comprehensive missile system as a deterrent to save a country, and you may need a golden dome at home to shoot down everything incoming. That’s RTX. That’s how a stock rallies $12, 7%.”

Photo by Joshua Mayo on Unsplash

RTX Corporation (NYSE:RTX) makes aerospace and defense systems for commercial, military, and government customers. The company builds aircraft engines, avionics, and defense technologies, and also provides maintenance, training, and support services.

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.