RTX Stock Summary and Trading Ideas (RTX | NYSE:RTX)

RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.

RTX trades on the NYSE stock market under the symbol RTX.

As of May 13, 2024, RTX stock price declined to $106.07 with 4,364,220 million shares trading.

RTX has a beta of 0.25, meaning it tends to be less sensitive to market movements. RTX has a correlation of 0.02 to the broad based SPY ETF.

RTX has a market cap of $141.04 billion. This is considered a Large Cap stock.

Last quarter RTX reported $19 billion in Revenue and $1.34 earnings per share. This beat revenue expectation by $895 million and exceeded earnings estimates by $.11.

In the last 3 years, RTX stock traded as high as $108.84 and as low as $68.56.

The top ETF exchange traded funds that RTX belongs to (by Net Assets): VTI, VOO, SPY, IVV, ITA.

RTX stock has underperformed the market in the last year with a return of +12.6%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RTX shares. However, RTX has outperformed the market in the last 3 month and 2 week periods, returning +17.8% and +4.6%, while SPY returned +4.2% and +2.5%, respectively. This indicates RTX has been having a stronger performance recently.

RTX support price is $105.25 and resistance is $107.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RTX stock will trade within this expected range on the day.