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We recently published Jim Cramer Said Allbirds Management Are “Jokers” & Discussed These 18 Stocks. RTX Corporation (NYSE:RTX) is one of the stocks discussed by Jim Cramer.
RTX Corporation (NYSE:RTX) is one of the largest defense contractors in America. Its shares are up by 57% over the past year and by 8.3% year-to-date. Erste Group initiated coverage on the firm on March 24th and set a Buy rating. The firm outlined that RTX Corporation (NYSE:RTX) was benefiting from an uptick in global spending and rising demand for engines. With media reports suggesting that the US has fired years’ worth of Tomahawk supply in the Iranian conflict, Cramer discussed defense stocks after his co-host Carl Quintanilla pointed out the recent trends. Bernstein discussed RTX Corporation (NYSE:RTX) on March 9th, as it kept a Market Perform rating on the shares. The firm had assigned this rating on January 29th after the defense company had reported its earnings. Cramer discussed RTX Corporation (NYSE:RTX) on April 10th as he pointed out that one reason the stock was doing well was because the firm benefited from the aerospace and space markets. Here’s what he said about RTX Corporation (NYSE:RTX) in this appearance:
“Well they’re not part of the scrum, but when I read that I said well we have to rebuild everything and these stocks should just be a buy, and a buy, and a buy. And you come back and say, does anyone other than Cemblest know this stuff?”
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While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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