3 Stocks to Watch in July
Earnings season is about to kick off, and investors will find out a lot about how companies are shaping up for the post-pandemic environment. In that line of thought, I think Raytheon Technologies (NYSE: RTX), Rockwell Automation (NYSE: ROK), and 3M (NYSE: MMM) are stocks to watch closely. All three will give second-quarter earnings in July, and what they say will resonate across the whole of the investment world.
Raytheon Technologies is hoping the summer will bring a strong recovery in air travel. Image source: Getty Images.
Sentiment matters a lot in investing. Just take a look at the commercial aviation industry. On the one hand, it continues to face depressed end markets as routes remain closed and airlines battle to get over the financial stresses created by the pandemic. On the other hand, the reality is that 2020 will mark a multi-year trough in the industry, and aerospace investors can look forward to a few strong years of year-over-year growth.
Source Fool.com
