Raytheon Technologies: Should You Buy the Dip Now?
The recent earnings presentations from Raytheon Technologies (NYSE: RTX) served to highlight the investment case for the stock. In a nutshell, its commercial aerospace operations are facing very significant headwinds in 2020 and it's not going to be a V-shaped bounce back. However, RTX's defense businesses are going to support the company through difficult times, and on a risk/reward basis the stock looks a good value now. Here's why.
It's a good idea to break out expectations for its defense business in 2020 and beyond and then look at what this means for the overall valuation.
Raytheon Technologies' defense business will support the company through a difficult period. Image source: Getty Images.
Source Fool.com
