We recently published a list of 12 Stocks Jim Cramer Was Right About. In this article, we are going to take a look at where RTX Corporation (NYSE:RTX) stands against other stocks that Jim Cramer discusses.
Back in 2024, on May 15, Mad Money’s Jim Cramer discussed the performance of post-breakup aerospace and defense stocks, spotlighting RTX Corporation as a strong example of a successful spin-off from United Technologies.
“The part that merged with Raytheon, the new RTX, has rallied 108% since the breakup, total return of 13% including dividend. It’s now worth over $140 billion. This was that little problem they had with the engine — they really put that behind them very quickly. I’m proud of these guys, by the way. I think RTX is a great business, both on the commercial aerospace and the defense side.”
Cramer’s confidence paid off, as the stock climbed a solid 29.97% since his endorsement.
An aerial view of a commercial jetliner in flight, its airframe glinting in the sun.
RTX Corporation is expanding its aerospace services business as defense orders rebound and commercial travel returns to strength. During a recent discussion earlier in May on how tariffs could affect the company, Jim Cramer said the following:
“First of all, they were very forthcoming about the tariffs. That was right. Second, it is a way for people, for countries to be able to say, listen, I know we have a trade, we have a huge trade surplus with you. We are going to write a check to RTX and get what we need. You are spot on.”
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This article is originally published at Insider Monkey.
