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RTX: Is the Market Too Optimistic?

TheMotleyFool 
0 0 31.01.24
RTX: Is the Market Too Optimistic?: https://g.foolcdn.com/editorial/images/762513/great-best-top-stocks-to-buy-in-2024.jpg
 

The market loved the latest report from (NYSE: RTX) -- formerly called Raytheon Technologies -- and rightly so. The latest update from this giant aerospace and defense company contained many positives, including a good outlook for 2024 and 2025.

Still, when digging into the details, a couple of points of interest arise that will need to be monitored by investors. Here's the lowdown on an earnings report and outlook with many moving parts.

RTX showed good momentum in 2023 as organic sales rose 11%, and the company is forecasting a further 7%-8% increase in 2024. In addition, its order book and backlog continue to grow impressively with contributions from both its commercial aerospace and defense businesses.

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Source Fool.com

RTX A/S Stock

€12.50
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