Despite recent weakness, all three of these stocks have outperformed the S&P 500 index's 17.7% decline so far this year. It's been a difficult year so far with a combination of rising interest rates, soaring inflation, ongoing supply chain issues and a major conflict to deal with. That said, aerospace and defense giant Raytheon Technologies (NYSE: RTX) is in positive territory this year, while electrical products company nVent Electric (NYSE: NVT) and copper miner Freeport-McMoRan (NYSE: FCX) have slightly outperformed. There's a good reason why all three can do very well in the coming years. Here's why. 

The investment case behind Raytheon Technologies' stock is simple. First, its commercial aerospace-focused businesses (Pratt & Whitney aircraft engines and Collins Aerospace) are enjoying a multiyear recovery as flight departures and aircraft production recover from the slump caused by coronavirus-related travel restrictions. Second, its defense-focused businesses (Raytheon Intelligence & Space and Raytheon Missiles & Defense) have solutions suited to modern warfare. Moreover, there's likely to be replacement demand from the U.S. military in the coming years, including Stinger portable air-defense systems and Javelin anti-tank missiles.

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Source Fool.com