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This stock is U.S. politicians' favorite pick in 2024 so far
Finbold· 2024-07-31 10:14
With the rise of global tensions amid broader instability in the Middle East, which threatens to escalate further, investors are looking at the defensive sector and its stocks, as they are one of the rare industries set to benefit from conflict. | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------|----------------------------------------------------------|----------|------------------|----------|-------|------------------|--------|-------| | Transactio ... > > | Congress Trading Cus ...
Should You Pick RTX Corp Stock At $125 After 10% Gains In A Week?
Forbes· 2024-07-29 12:00
In fact, consistently beating the S&P 500 — in good times and bad — has been difficult over recent years for individual stocks; for other heavyweights in the Industrials sector, including GE, CAT, and UNP, and even for the megacap stars GOOG, TSLA, and MSFT. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; ...
RTX's Raytheon awarded Mentor Protégé agreements to develop operational AI
Prnewswire· 2024-07-29 12:00
Through joint sponsorship from NAVAIR and the Office of Naval Research, Raytheon will mentor Anacapa Micro Products, Inc. and Nara Logics, Inc. Under two individual three-year contracts, Raytheon will provide mentorship for operational AI on system design, software architecture, systems integration, IT security constraints and authority-to-operate requirements in a collaborative environment. "Our organization is very proud to be a partner with Raytheon under this Mentor Protégé Agreement and we're looking f ...
U.S. defense stock soars over 60% since massive politician insider trade
Finbold· 2024-07-26 10:39
As Raytheon (NYSE: RTX) stock has just reached its new all-time high (ATH) of $113.47, it became apparent that one United States politician has tremendously profited from its price increase – Markwayne Mullin – who is also a member of the U.S. Armed Services Committee. It's up another 8% today. BREAKING: We've caught another congressman buying stock in the defense contractor Raytheon, $RTX. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When invest ...
Raytheon Technologies(RTX) - 2024 Q2 - Quarterly Report
2024-07-25 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 ____________________________________ ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |--------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|-------------------------------------------------------| | | | | | For the | transit ...
RTX's Pratt & Whitney, Embraer and OGMA announce first GTF engine induction
Prnewswire· 2024-07-25 17:13
SOURCE RTX "We're proud to extend our collaboration with Pratt & Whitney on today's most advanced technologies," said Paulo Monginho, chief executive officer at OGMA. "By adding the GTF engine to our portfolio, we are growing our capabilities to serve the needs of operators in Europe and around the world." Portugal shop becomes the 18th active facility in growing GTF MRO network LONDON, July 25, 2024 /PRNewswire/ -- Farnborough Air Show -- Pratt & Whitney, an RTX (NYSE: RTX) business, and OGMA Indústria Aer ...
RTX Stock Hits Record High on Adjusted Earnings Beat, Guidance Boost
Investopedia· 2024-07-25 15:50
Key Takeaways RTX, which consists of defense giant Raytheon along with aerospace manufacturers Pratt & Whitney and Collins Aerospace, reported an 8% year-over-year increase in sales to $19.72 billion. RTX said that it was lifting its projections for its full-year performance, with adjusted sales increasing to a range of $78.75 billion to $79.5 billion from $78 billion to $79 billion. The company now also projects full-year adjusted earnings per share (EPS) from $5.35 to $5.45, up from the previous range of ...
RTX Beats Q2 Earnings Estimates, Hikes '24 Sales Guidance
ZACKS· 2024-07-25 15:50
RTX Corporation's (RTX) second-quarter 2024 adjusted earnings per share (EPS) of $1.41 beat the Zacks Consensus Estimate of $1.29 by 9.3%. The bottom line also improved 9.3% from the year-ago quarter's level of $1.29. Including one-time items, the company reported GAAP earnings of 8 cents per share compared with 90 cents in the prior-year quarter. The year-over-year deterioration can be attributed to higher costs and expenses, along with higher other expenses, net. Operational Performance RTX's second-quart ...
Raytheon Technologies(RTX) - 2024 Q2 - Earnings Call Transcript
2024-07-25 15:08
Company Participants Conference Call Participants Operator On the call today are Chris Calio, President and Chief Executive Officer; Neil Mitchill, Chief Financial Officer; and Nathan Ware, Vice President of Investor Relations. This call is being webcast live on the Internet, and there is a presentation available for download from RTX website at www.rtx.com. With that, I will now turn the call over to Mr. Calio. RTX Corporation (NYSE:RTX) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Chris Calio ...
RTX (RTX) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-25 14:35
RTX (RTX) reported $19.72 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.7%. EPS of $1.41 for the same period compares to $1.29 a year ago. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how RTX performed in the just reported quarter in terms of the metrics most ...