Is Raytheon Technologies Stock a Buy?
Warren Buffett's famous advice about being fearful when others are greedy and greedy when others are fearful springs to my mind when I consider investing in Raytheon Technologies (NYSE: RTX). While the overall market may well be being greedy right now, there's a strong case to be made that investors are behaving fearfully when it comes to stocks with significant aerospace exposure. In a nutshell, that's why Raytheon stock is a buy.
To put it simply, two-thirds of Raytheon's current revenue is coming from its defense business, and the market is significantly undervaluing its commercial aerospace businesses. As such, on a risk/reward basis, Raytheon stock is worth buying.
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Source Fool.com
