Call Traders Target Defense Stock After Earnings Win
RTXRaytheon Technologies(RTX) Schaeffers Research·2024-01-23 23:48

The shares of RTX Corp (NYSE:RTX) are leading the S&P 500 Index (SPX) today, up 7.5% at 91.41atlastglance.Thestockisontrackfortheirbestsingle−sessiongainsinceNovember2020,afterthedefensecontractor′sbetter−than−expectedfourth−quarterresults,helpedbyaviationstrengthanddefensedemandglobally.RTXiscapitalizingontheshortageofnewjetsamidtheuptickintravel.Today′spophasRTXstockbreakingabovethe91.41 at last glance. The stock is on track for their best single-session gain since November 2020, after the defense contractor's better-than-expected fourth-quarter results, helped by aviation strength and defense demand globally. RTX is capitalizing on the shortage of new jets amid the uptick in travel. Today's pop has RTX stock breaking above the 87 level, which coincides with its 200-day moving average and provide ...