Why Raytheon Technologies Stock Is Set to Soar
If the stock market was a beauty contest, very few investors would be voting for stocks in the commercial aerospace sector right now. However, to paraphrase a well-worn maxim, investing is often about greedily buying stocks that other investors are fearful of. Aerospace and defense company Raytheon Technologies (NYSE: RTX) certainly won't win any beauty contests, but it might just make investors a lot of money in the coming years -- provided they can tolerate some risk.
My investment thesis for Raytheon is based on the following points:
The company's defense businesses came to the rescue in 2020 as the COVID-19 pandemic wrought devastation on the commercial aerospace industry. For reference, the current Raytheon Technologies was created out of the merger of the aerospace businesses of the former United Technologies (Pratt & Whitney and Collins Aerospace) and Raytheon Company (Raytheon Intelligence and Space, or RIS, and Raytheon Missiles and Defense, or RMD).
Source Fool.com
