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Stock impact report

Jim Cramer Noted that RTX “Posted an Excellent Set of Results” [Yahoo! Finance]

RTX Corporation (RTX) 
Company Research Source: Yahoo! Finance
Next, how about RTX? They posted an excellent set of results, too. Also beating expectations on every key line… All three of the company segments, which are fairly evenly sized, beat sales and operating profit expectations… Unlike GE Aerospace, RTX did raise some lines of its full-year forecast… Maybe that partial guidance raise is why RTX held up a little better than GE today. But still, they reported an amazing quarter, and the stock got clobbered anyway, probably because investors were hoping for even more of a boost. That's unrealistic, unrealistic. As I've mentioned before, much of the focus for RTX is about what the company's doing to grow its capacity, especially for the defense side of the business. That was still the case today… I mean, that's exactly what we want to see. Now, don't forget, RTX should have years of upside here as one of the nation's leading producers of missiles… Management also said they're working with the Department of War to accelerate munitions produc Show less Read more
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