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2 Hot Stocks That Could Live Up to Their Lofty Valuations

TheMotleyFool

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2 Hot Stocks That Could Live Up to Their Lofty Valuations: https://g.foolcdn.com/editorial/images/703768/highly-valued-stocks-to-buy.jpg

Based on conventional metrics, aerospace & defense giant Raytheon Technologies (NYSE: RTX) and agriscience company Corteva (NYSE: CTVA) are not conventionally cheap stocks. However, they all have significant upside potential in the coming years, and their outperformance versus the S&P 500 is likely to continue. Here's why.

First, a quick look at the share price performance of the stocks shows just how well they have done this year.