My Top Defense Stock to Buy in October
Raytheon Technologies (NYSE: RTX) remains the pick of the aerospace and defense sector. Still, the key takeaway from its latest presentation to investors is that anyone buying in now will need to be patient. It's going to take some time before the company's current earnings potential comes to full fruition.
The case for buying Raytheon stock rests on the following combination of medium-term earnings drivers:
The company's two primary end markets have strong earnings drivers over the medium term. However, those benefits will not flow immediately down to Raytheon's bottom line.
Source Fool.com
