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RTX Stock Is Up 39% This Year. Can the Rally Keep Going?

TheMotleyFool

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RTX Stock Is Up 39% This Year. Can the Rally Keep Going?: https://g.foolcdn.com/editorial/images/785367/rtx-stock-bullish-outlook-2024.jpg

Shares of (NYSE: RTX) surged to a new all-time high following the release of its latest quarterly earnings. The defense and aerospace company beat expectations with management citing "unprecedented demand" across its product portfolio.

Long-time investors have a lot to be cheering about with shares of RTX up about 39% this year. On the other hand, investors on the sidelines might be wondering if it's too late to climb aboard this rocket.

Here's why I believe the rally in RTX can continue.

Source Fool.com