Jim Cramer’s Game Plan: 23 Stocks to Watch

9. RTX Corporation (NYSE:RTX)

Number of Hedge Fund Holders: 54

Cramer previously called RTX Corporation (NYSE:RTX) a winner and said that he expects it to continue being one.

“Tuesday’s also a real big aerospace morning with numbers from RTX and GE Aerospace. Now, both stocks have been flying high. I bet that continues after the report, and most likely, they will raise estimates. These are two fantastic, well-run companies.”

RTX Corporation (NYSE:RTX) delivers a diverse range of systems and services tailored to commercial, military, and government customers. The company specializes in producing aircraft engines, aerospace technologies, and advanced capabilities for threat detection. In its second quarter, it reported adjusted EPS of $1.41, reflecting a 9% increase from the same period last year.

Revenue reached $19.7 billion, marking an 8% rise year over year, and a 10% increase on an organic basis after accounting for foreign exchange fluctuations and divestitures. Both of the company’s segments dedicated to commercial aircraft components exhibited growth. Collins Aerospace experienced a 10% increase in sales and a 24% rise in operating profits. Meanwhile, Pratt & Whitney saw its sales grow by 19%, with profits skyrocketing by 136%.

RTX Corporation (NYSE:RTX) management demonstrated optimism regarding future performance by adjusting the 2024 organic sales growth forecast to a range of 8% to 9%, up from an earlier midpoint estimate of 7.5%. Additionally, the company expects full-year earnings per share to fall between $5.35 and $5.45, which is a 7% increase from 2023 and surpassing the previously projected range of $5.25 to $5.40.