La vendita allo scoperto per RTX dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di RTX. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

RTX (NYSE:RTX) Azioni, Report sulle vendite allo scoperto

Raytheon Technologies

RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military 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.

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Lockheed Martin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) with its strong backlog, rising earnings and sales estimates, robust ROE and high solvency, offers a great investment opportunity in the Zacks Aerospace sector.
The company currently carries a Zacks Rank #2 (Buy). Let&#39;s look at the factors that are driving the stock.
<h2>LMT&#39;s Growth Projections &amp; Surprise History</h2>
The Zacks Consensus Estimate for LMT&#39;s 2025 earnings per share is pinned at $28.87, which indicates year-over-year growth of 8.9%.
The consensus estimate for 2024 sales is pinned at $71.14 billion, which indicates year-over-year growth of 5.3%.
The company&#39;s long-term (three to five years) earnings growth rate is 4.7%.
LMT has a positive earnings surprise history. Its trailing four-quarter earnings surprise is 7.46%, on average.
<h2>LMT&#39;s Dividend Yield and Share Repurchases</h2>
Lockheed Martin has been rewarding its shareholders with dividend payments at regular intervals. Its current dividend yield is 2.08%, better than the industry&#39;s yield of 1.54%.
During the first six months of 2024, LMT repurchased 4.2 million shares worth $1.9 billion. As of June 30, 2024, the total remaining authorization for common share repurchases under the company&#39;s share repurchase program was $8.2 billion.
<h2>LMT&#39;s Return on Equity</h2>
LMT&#39;s current return on equity (ROE) is 95.03%, which is more than the industry average of 11.55%. ROE, a profitable measure, reflects how effectively a company is utilizing its shareholders&#39; funds in its operations to generate income.
<h2>LMT&#39;s Solvency</h2>
The time-to-interest earned ratio at the end of the second quarter was 8.83. The ratio, being greater than one, reflects the company&#39;s ability to meet future interest obligations without difficulties.
<h2>LMT&#39;s Liquidity</h2>
LMT&#39;s current ratio is 1.24, better than the industry average of 1.10. The current ratio, being greater than one, indicates the company has enough short-term assets to meet its short-term obligations.
<h2>LMT&#39;s Rising Backlog</h2>
Lockheed Martin&#39;s total backlog was a solid $158.34 billion as of June 30, 2024. Such a consistent level of contract flows and subsequent backlog growth bolster its long-term revenue prospects. The company expects to recognize approximately 36% of its backlog over the next 12 months and approximately 60% over the next 24 months.
<h2>LMT Stock Price Performance</h2>
Shares of LMT have gained 31.8% in the past three months compared with the industry&#39;s 9.9% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/68/80556.jpg?v=257228447" />
Image Source: Zacks Investment Research
<h2>Other Stocks to Consider</h2>
Some other top-ranked stocks in the industry are Air Industries Group (AMEX:AIRI), Leidos Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldos#NYSE">LDOS</a>) and RTX Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>). AIRI sports a Zacks Rank #1 (Strong Buy), while LDOS and RTX currently carry a Zacks Rank of 2.
AIRI delivered an average earnings surprise of 8.88% in the last four quarters. The Zacks Consensus Estimate for AIRI&#39;s 2024 sales indicates year-over-year growth of 7.1%.
LDOS delivered an average earnings surprise of 23.49% in the last four quarters. The consensus estimate for LDOS&#39;s 2024 sales indicates year-over-year growth of 5.4%.
RTX delivered an average earnings surprise of 6.62% in the last four quarters. The Zacks Consensus Estimate for RTX&#39;s 2024 sales indicates year-over-year growth of 7%.
<a href="https://www.zacks.com/stock/news/2346858/here-s-why-you-should-add-lockheed-martin-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2346858">To read this article on Zacks.com click here.</a>

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Here's Why You Should Add Lockheed Martin Stock to Your Portfolio Now

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) is &#8220;too high&#8221; for him and pre<a href="https://www.benzinga.com/quote/FTAI/analyst-ratings">fers to be in</a> RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
RTX, last week, said Raytheon has secured a three-year, two-phase contract from DARPA to develop foundational ultra-wide bandgap semiconductors.
AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) is &#8220;just too hot,&#8221; Cramer said.
On Oct. 2, AST SpaceMobile announced completion of redemption of public warrants.
The &#8220;Mad Money&#8221; host recommended buying Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), adding that it is at a great level to buy.
On Oct. 1, Barclays analyst Trevor Young maintained Shopify with an Equal-Weight rating and raised the price target from $65 to $70.
Cramer said no to First Watch Restaurant Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>).
On Oct. 4, Guggenheim analyst Gregory Francfort maintained First Watch Restaurant with a Buy and lowered the price target from $24 to $20.
FIGS, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIGS#NYSE">FIGS</a>) is &#8220;not expensive and a very good spec,&#8221; Cramer said.
On Aug. 8, FIGS posted better-than-expected earnings for its second quarter.
Price Action:
<ul>
<li>FTAI Aviation shares gained 5% to settle at $140.15 on Friday.</li>
<li>AST SpaceMobile shares gained 12.5% to close at $26.11 during the session.</li>
<li>Shopify shares gained 5.5% to close at $82.43 during Friday's session.</li>
<li>Figs shares gained 3.6% to close at $46.70 on Friday.</li>
<li>First Watch Restaurant Group shares gained 0.8% to settle at $14.51 on Friday.</li>
</ul>
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Jim Cramer: AST SpaceMobile Is 'Just Too Hot,' Recommends Buying This Tech Stock

Milestone moves program one step closer to operational testing
PORTSMOUTH, R.I., Oct. 7, 2024 /PRNewswire/ --&nbsp;Raytheon, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, recently conducted a series of controlled environmental tests for the Barracuda Mine Neutralization System at the Naval Surface Warfare Center Carderock Division.
Using a production representative test unit, Barracuda operated and collected data in environments of various sea states and water currents, demonstrating the ability to hydrodynamically control itself in conditions simulating the ocean.
The test demonstrated the ability of the vehicle to detect, track and hold position on a target on its own. It was the first time Raytheon has executed this type of testing with the Barracuda mine neutralizer underwater vehicle and moves the program one step closer towards meeting operational requirements.

RTX's Raytheon Completes Hydrodynamic Testing For The Barracuda Mine Neutralization System; Milestone Moves Program One Step Closer To Operational Testing

Lockheed Martin Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) announced that its board of directors approved a 4.8% hike in its quarterly dividend to $3.30 per share, marking the 22nd consecutive annual dividend hike. The revised quarterly dividend is payable on Dec. 27, 2024, to shareholders of record at the close of the business on Dec. 2, 2024.
The company&#39;s new annualized dividend rate is $13.20. The current dividend yield is 2.08%, better than the Zacks S&amp;P 500 composite&#39;s 1.24%.
Along with dividend payments, Lockheed&#39;s management continues to increase shareholder value by repurchasing shares. The board authorized an additional $3 billion for share repurchases, which resulted in a total authorization under the repurchase program of nearly $10 billion.
<h2>Can Lockheed Sustain Dividend Hikes?</h2>
Lockheed has a platform-centric focus and leveraged presence in the Army, Air Force, Navy and IT programs of the U.S. Department of Defense that guarantee a steady inflow of follow-on orders. The company continues to clinch big defense deals from the U.S. government and allied countries. As a consequence, it exited the second quarter of 2024 with a record backlog of $158.3 billion, backed by increasing demand and a rising global defense budget. This shall boost LMT&#39;s sales growth and cash flow in the coming quarters.
Apart from domestic orders, the company also enjoys the advantage of having a wide international customer base. In the second quarter of 2024, 25.8% of total net sales were from international customers. The company is focused on expanding its international footprint, which continues to support earnings.
Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from its leveraged presence in the Army, Air Force, Navy and IT programs. The F-35 program continues to be a key growth program for Lockheed. The production of F-35 jets is expected to continue for many years ahead, given the U.S. government&#39;s current inventory target of 2,456 aircraft for the Air Force, Marine Corps and Navy. This will support its top line and boost its earnings.
Courtesy of Lockheed&#39;s global presence, strong backlog, F-35 program and contract wins, the company continues to generate strong operating cash flow, which provides assurance that it will be able to sustain shareholder-friendly moves in the future as well.
<h2>Other Aerospace Companies&#39; Recent Dividend Hikes</h2>
Here are some defense companies that have been rewarding shareholders with impressive dividend payouts. 
On May 14, 2024, Northrop Grumman Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>) announced that its board of directors approved a 10% hike in its quarterly dividend to $2.06 per share, marking the 21st consecutive annual dividend hike. 
Northrop boasts a long-term (three to five years) earnings growth rate of 8.7%. The Zacks Consensus Estimate for NOC&#39;s 2024 sales implies an improvement of 5.4% from the previous year&#39;s level.
On May 10, 2024, Curtiss-Wright (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) announced that its board of directors declared a 5% increase in the quarterly dividend to 21 cents per share. The company authorized an additional $300 million for future share repurchases, increasing the total available authorization to $400 million.
Curtiss-Wright boasts a four-quarter earnings surprise of 11.52%, on average. The Zacks Consensus Estimate for CW&#39;s 2024 sales implies an improvement of 7.1% from the prior-year figure.
On May 2, 2024, RTX Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) announced a dividend of 63 cents per, calling for an increase of 6.8% over the prior quarter&#39;s dividend amount.
RTX Technologies has a long-term earnings growth rate of 10.4%. The Zacks Consensus Estimate for RTX&#39;s 2024 sales calls for an improvement of 7% from the prior-year figure.
<h2>LMT Stock Price Movement</h2>
In the past three months, shares of LMT have rallied 31.1% compared with its industry&#39;s rise of 12.2%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/68/80333.jpg?v=301050165" />
Image Source: Zacks Investment Research
<h2>LMT&#39;s Zacks Rank</h2>
Lockheed Martin currently carries a Zacks Rank #2 (Buy).
<a href="https://www.zacks.com/stock/news/2345980/lockheed-shares-more-profit-raises-dividend-buyback-authorization?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2345980">To read this article on Zacks.com click here.</a>

Buybacks

Lockheed Shares More Profit, Raises Dividend & Buyback Authorization

Deutsche Bank analyst Scott Deuschle upgrades RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) from Sell to Hold, raising the<a target="_blank" href="https://www.benzinga.com/quote/RTX/analyst-ratings" rel="noreferrer noopener"> price forecast from&nbsp;$109&nbsp;to&nbsp;$129.</a>
According to the analyst, RTX&#8217;s aerospace exposure is expected to enable it to outpace other defense companies, leveraging operational efficiencies to drive long-term growth and compound earnings.
The analyst sees potential for further stock upside with RTX currently valued similarly to pure defense companies for 2026 but boasting a more promising long-term growth outlook due to its aerospace exposure.
Deuschle writes that the overall narrative for RTX is compelling, as long as operational improvements persist.
The analyst forecasts third-quarter earnings per share of $1.36, exceeding the Street&#8217;s expectation of $1.32 by $0.04.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41146781/rtxs-raytheon-secures-darpa-contract-to-develop-ultra-wide-bandgap-semiconductors-details" rel="noreferrer noopener">RTX&#8217;s Raytheon Secures DARPA Contract To Develop Ultra-Wide Bandgap Semiconductors: Details</a>
Deuschle projects sequential revenue growth at Pratt &amp; Whitney and Collins, driven by increased aftermarket activity at Pratt &amp; Whitney from higher V2500 and GTF shop visits, while Collins is likely to benefit from sequential original equipment growth on Airbus and business jet platforms, along with sustained aftermarket strength and potential upside from increased modification revenue.
The analyst projects Raytheon&#8217;s revenue will decline quarter-over-quarter but sees upside potential due to strong demand, favorable DoD spending trends, and gradually improving conditions in the defense supply chain.
EPS estimates for 2024-2026 have been revised to $5.48, $6.06, and $6.88, respectively, from $5.48, $6.17, and $6.93.
This decrease is mainly due to lower original equipment rate assumptions for both Boeing and Airbus, partially offset by a better product mix and higher margins.
Meanwhile, operational risk keeps them at a Hold rather than a Buy.
Price Action: RTX shares are trading lower by 0.52% to $123.40 on Thursday.
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Deutsche Bank Changes Tune On Raytheon Parent RTX, Sees Aerospace Edge Fuel Long-Term Growth Potential

Lockheed Martin Corp.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) business segment, Space Systems, recently clinched a modification contract for manufacturing its Trident II D5 missile. Per the terms of the deal, Lockheed will also offer deployed systems support and Warhead 93/Mark7 development for Trident II D5 missile.&nbsp;
<h2>Details of the Deal</h2>
Valued at $2.11 billion, the contract is projected to be completed by Sept. 30, 2029. The award has been provided by the Strategic Systems Programs, Washington, D.C.
A major portion of work related to this deal will be carried out in Denver, CO, Valley Forge, PA, Titusville, FL and Magna, UT.
<h2>LMT Stock&#39;s Place in Missile Market</h2>
Lockheed is a well-known manufacturer of missiles and missile defense systems in the global defense industry. While its Missiles and Fire Control&nbsp;business segment provides air and missile defense systems, tactical missiles and air-to-ground precision strike weapon systems like the Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense and Hellfire missiles, its Space Systems division builds notable strike missile as well as missile defense systems like the Next Generation Interceptor (NGI).&nbsp;
As far as Lockheed&#39;s Trident II D5 missile is concerned, it is the latest generation of the U.S. Navy&#39;s submarine-launched fleet ballistic missiles, following the highly successful Polaris, Poseidon and Trident I C4 programs. The fact that this program is the only submarine-launched intercontinental ballistic missile currently in production in the United States surely highlights its significance in the country&#39;s naval defense and the solid demand the company enjoys in the missile marketplace. The latest contract win is a bright example of that.&nbsp; &nbsp;
With such unique featured missile products in its portfolio, Lockheed frequently enjoys a solid order flow for the company&#39;s missiles from the Pentagon and other U.S. allies. This boosts the top-line growth for its MFC and Space Systems unit. Evidently, LMT&#39;s MFC unit registered 12.6% year-over-year growth in its sales in the last reported quarter, while Space Systems witnessed a 1% top-line rise.&nbsp;
<h2>What Lies Ahead for LMT Stock?</h2>
In the past decade, nations across the globe have significantly increased their spending on military equipment and weaponry to modernize and upgrade their defense systems in the face of rapidly rising geopolitical tensions and cross-border disputes worldwide. Amid this backdrop, the demand for missiles has also gained substantial momentum as these play a very important role in military missions.
This must have prompted the Morder Intelligence firm to predict that the global missile and missile defense systems market will witness a CAGR of 5% in the 2024-2029 period. Such solid market expansion projections exemplify immense growth opportunities for Lockheed.
Notably, the company&#39;s Space Systems unit&#39;s major programs include the Next Generation Overhead Persistent Infrared (Next Gen OPIR) system, which provides the U.S. Space Force with enhanced worldwide missile warning capabilities, apart from the Trident II missile. Moreover, its NGI program utilizes next-generation propulsion and sensors to provide homeland missile defense.
<h2>Growth Opportunities for LMT&#39;s Peers</h2>
Apart from LMT, other prominent defense majors that are likely to enjoy the perks of the expanding global missile and missile defense market are mentioned below:
Northrop Grumman (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>): It manufactures notable strike missiles like the Advanced Anti-Radiation Guided Missile Extended Range (AARGM-ER), which is a supersonic, air-launched tactical missile system. NOC&#39;s Missile Products business unit is a leading U.S. provider of solid rocket propulsion for national security and defense, providing stages for weapon systems, such as air-launched missiles, interceptors, submarine-launched systems and hypersonic missile systems.
NOC has a long-term earnings growth rate of 8.7%. The Zacks Consensus Estimate for its 2024 sales implies growth of 5.4% from the prior-year reported figure.
The Boeing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>): Its air and missile defense systems have been protecting the United States, warfighters, allies and international partners against threats ranging from intercontinental ballistic missiles to hostile aircraft for the past 25 years. Its renowned missile and related products include the Aegis Ballistic Missile Defense, PAC-3 Missile Seeker, Ground-Based Midcourse Defense and a few more.&nbsp;
BA boasts a long-term earnings growth rate of 21.3%. The Zacks Consensus Estimate for BA&#39;s third-quarter 2024 sales indicates growth of 10% from the prior-year reported figure.
RTX Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>): It is a renowned manufacturer of missiles and missile defense systems. RTX&#39;s product portfolio includes combat-proven missiles like the TOW missile, Guidance Enhanced Missile, Advanced Medium Range Air-to-Air Missile, Tomahawk, Standard Missile 2 and a few more.&nbsp;
RTX boasts a long-term earnings growth rate of 10.4%. The Zacks Consensus Estimate for its 2024 sales indicates growth of 7% from the prior-year reported figure.
<h2>Price Movement</h2>
In the past year, shares of Lockheed have surged a solid 49.3% compared with the industry&#39;s growth of 17.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/23/80164.jpg?v=635114415" /> 
Image Source: Zacks Investment Research
<h2>Zacks Rank</h2>
LMT currently carries a Zacks Rank #2 (Buy).
<a href="https://www.zacks.com/stock/news/2345287/lockheed-wins-2-1b-contract-to-aid-trident-ii-d5-missile-program?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2345287">To read this article on Zacks.com click here.</a>

Lockheed Wins $2.1B Contract to Aid Trident II D5 Missile Program

Deutsche Bank analyst Scott Deuschle upgrades RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) from Sell to Hold and raises the price target from $109 to $129.

Deutsche Bank Upgrades RTX to Hold, Raises Price Target to $129

On Wednesday, RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) said Raytheon has secured a three-year, two-phase contract from DARPA to develop foundational<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41126763/rtxs-pratt-whitney-opens-its-largest-military-engines-facility-in-oklahoma-city" rel="noreferrer noopener"> ultra-wide bandgap semiconductors.</a>
These will be based on diamond and aluminum nitride technology, which revolutionizes semiconductor electronics by increasing power delivery and thermal management in sensors and other electronic applications.
In phase one of the contract, the Raytheon Advanced Technology team will develop diamond and aluminum nitride semiconductor films and integrate them into electronic devices.
Phase two will focus on optimizing and advancing this technology for larger diameter wafers intended for sensor applications.
&#8220;Raytheon has extensive proven experience developing similar materials such as Gallium Arsenide and Gallium Nitride for Department of Defense systems,&#8221; said&nbsp;Colin Whelan, president of Advanced Technology at Raytheon.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, RTX stock has gained over 74% in the past year. Investors can gain exposure to the stock via iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;First Trust Exchange-Traded Fund First Trust Indxx Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41111794/rtx-wins-1-3b-contract-for-f135-engine-upgrade-details" rel="noreferrer noopener">RTX Wins $1.3B Contract For F135 Engine Upgrade: Details</a>
On Tuesday, RTX said Raytheon received a&nbsp;$192 million&nbsp;contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion, an upgrade to the <a target="_blank" href="https://www.benzinga.com//node/41118565" rel="noreferrer noopener">current Next Generation Jammer Mid-Band system.</a>
In a separate press release yesterday, RTX said its unit Pratt &amp; Whitney&nbsp;celebrated the opening of its new 845,000-square-foot facility in&nbsp;Oklahoma City, Oklahoma, solidifying its position as the business&#8217; <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41126763/rtxs-pratt-whitney-opens-its-largest-military-engines-facility-in-oklahoma-city" rel="noreferrer noopener">largest military engines field location</a>.
The&nbsp;$255 million&nbsp;investment will enable Pratt &amp; Whitney to meet the growing demands of both U.S. and global defense customers for the <a target="_blank" href="https://www.benzinga.com//node/41122954" rel="noreferrer noopener">F135, F117, TF33, F100 and F119 engines.</a>
&#8220;This expansion more than doubles our footprint in&nbsp;Oklahoma City, ensuring we have the capacity and agility to support increased workloads as military programs ramp up and new ones come online,&#8221; said&nbsp;Greg Treacy, vice president of Pratt &amp; Whitney in&nbsp;Oklahoma City.
Price Action: RTX shares are trading lower by 0.10% to $124.26 on Wednesday.
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RTX's Raytheon Secures DARPA Contract To Develop Ultra-Wide Bandgap Semiconductors: Details

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-02_09h01_16.png" alt="" style="width:624px" /></figure>
<h4 class="wp-block-heading">The Power Of Missile Defense</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-raytheon-missile-defense-iron-dome-patriot-rtx-mc-10022024">click here</a> for an enlarged chart of Rtx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of RTX stock is being used to illustrate the point.</li>
<li>Yesterday, Iran fired about 180 ballistic missiles on Israel.  Israel and the U.S. were able to intercept most of these missiles with missile defense systems. These missiles reached Israel in 12 minutes. The defense was impressive considering there were no fatalities.</li>
<li>What happened in Israel yesterday shows the power of missile defense systems and illustrates the opportunity for investors in missile defense stocks.</li>
<li>As full disclosure, RTX is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio. RTX is The Arora Report's favorite missile defense stock.&nbsp;</li>
<li>The chart shows that RTX has broken out on the success of missile defense in Israel.</li>
<li>RTX is a joint developer of the Iron Dome used in Israel. RTX is best known for its Patriot Air And Missile Defense System.  RTX also produces several other missile defense systems and aircraft engines.</li>
<li>RTX entered The Arora Report portfolio when the stock experienced a massive drop on the news of cracks in Pratt &amp; Whitney engines. The Arora Report uses over 50 different strategies. RTX belongs to the strategy of buying a good company where the stock is down due to a fixable technical problem.</li>
<li>The chart shows the power of buy zones.  Buy zones allow investors to buy stocks and ETFs when the probability adjusted risk reward is more favorable.  Risk and reward are two sides of the same coin in investing. Smart money focuses on risk adjusted returns. In contrast, the momo crowd focuses only on rewards – the result is that the momo crowd goes through volatile cycles of making money and losing money, and in the end, accumulating far less than smart money.</li>
<li>The chart illustrates the power of a billionaire and hedge fund technique known as a trade around position.&nbsp; A trade around position can dramatically increase profits and reduce risks.</li>
<li>The chart shows that the RTX trade around position was started at an average of $80.70. The position has over 50% gain as of this writing.  The trade around position is separate and distinct from the core position.</li>
<li>Peace is not about to break out in the world.&nbsp; As such, all investors should consider a defense stock or ETF in their portfolio.</li>
<li>For those interested in ETFs, The Arora Report&#8217;s ETF of choice is iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).&nbsp; As full disclosure, ITA is in The Arora Report&#8217;s ZYX Allocation Model Portfolio.&nbsp;</li>
<li>Automatic Data Processing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is the largest private payroll processor in the country.&nbsp; ADP uses its data to provide a glimpse of the employment picture ahead of the official jobs report that will be released on Friday.&nbsp; ADP employment change came at 143K vs. 120K consensus.&nbsp; This indicates that the jobs picture is staying strong.</li>
<li>Previously, JOLTS job openings came at 8.04M, higher than expectations.</li>
<li>&nbsp;ISM Manufacturing Index came at 47.2 vs. 47.4 consensus.</li>
</ul>
<h3 class="wp-block-heading">Buying Stampede</h3>
Stocks are experiencing a once in a century buying stampede in Hong Kong.  Stocks in Hong Kong rose 7%. Property developers rose 47%, and broker stocks rose 35%.  As full disclosure, Hong Kong ETF iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) is in The Arora Report&#8217;s ZYX Emerging.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are neutral in Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
In the early trade, money flows are negative in &nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>). The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing selling along with junk stocks.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.  When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

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$BTC

AAPL

AMZN

GOOG

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TSLA

Opportunity In Missile Defense Stocks, Once In A Century Buying Stampede In Hong Kong

New class of materials offer improved conductivity and thermal management properties
ANDOVER, Mass., Oct. 2, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, has been awarded a three-year, two-phase contract from DARPA to develop foundational ultra-wide bandgap semiconductors, or UWBGS, based on diamond and aluminum nitride technology that revolutionize semiconductor electronics with increased power delivery and thermal management in sensors and other electronic applications.
During phase one of the contract, the Raytheon Advanced Technology team will develop diamond and aluminum nitride semiconductor films and their integration onto electronic devices. Phase two will focus on optimizing and maturing the diamond and aluminum nitride technology onto larger diameter wafers for sensor applications.
 &nbsp;

RTX  Has Been Awarded A 3-Year, 2-Phase Contract From DARPA To Develop Foundational Ultra-Wide Bandgap Semiconductors

WIIM

Shares of aerospace and defense stocks are trading higher after Iran launched a missile attack on Israel.

Shares of RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) are trading higher Tuesday, following a report suggesting an Iranian missile strike at Israel is imminent. Here&#8217;s <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41120592/iran-set-to-launch-ballistic-missile-attack-against-israel-report">what you need to know.</a>
What To Know: Reports surfaced that Iran is preparing a missile strike against Israel in retaliation for an Israeli airstrike that killed Hezbollah leader Hassan Nasrallah. The news, earlier <a href="https://www.bloomberg.com/news/articles/2024-10-01/us-says-iran-preparing-to-attack-israel-with-ballistic-missiles?srnd=homepage-americas&amp;sref=TBDibEcD">reported by Bloomberg</a>, suggests the attack could happen imminently, causing ripple effects throughout global markets.
The conflict has intensified, with the U.S. increasing its military presence in the region to assist in defending Israel against the potential missile strike. Israel has also begun deploying forces into southern Lebanon, escalating its operations against Hezbollah in response to the rising threat.
What Else?
Additionally, RTX&#8217;s subsidiary Pratt &amp; Whitney secured a $1.3 billion contract for an upgrade to the F135 engine core, aimed at improving durability and enhancing cooling and power capabilities for the F-35 aircraft. Furthermore, Raytheon, another RTX business, received a $192 million contract from the U.S. Navy for the Next Generation Jammer Mid-Band Expansion (NGJ-MBX), further bolstering its defense portfolio.
RTX Price Action: RTX corporation shares were up by 2.72% at $124.46 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX-1024x569.png" alt="" class="wp-image-575002" style="width:448px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX.png 1038w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41122002/playbux-ceo-envisions-web3-future-where-crypto-is-earned-via-gaming-shopping">Playbux CEO Envisions Web3 Future Where Crypto Is Earned Via Gaming, Shopping</a></li>
</ul>
Image via Wikimedia Commons.

RTX Shares Are Trading Higher Today: What You Need To Know

Shares of aerospace and defense stocks are trading higher following a report suggesting an Iranian missile strike at Israel is imminent.

Capability upgrade will counter new adversary threats

RTX's Raytheon Awarded $192M U.S. Navy Contract For Next Generation Jammer Mid-Band Expansion

On Monday, RTX Corporation&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, Pratt &amp; Whitney, won a contract worth up to $1.3 billion to <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n41106085/rtxs-pratt-whitney-awarded-f135-engine-core-upgrade-contract" rel="noreferrer noopener">advance the F135 Engine Core Upgrade (ECU)</a>.
The contract is expected to boost engine durability and enhance power and cooling for Block 4 and future F-35 capabilities.
Jill Albertelli, president of Pratt &amp; Whitney&#8217;s Military Engines business, said, &#8220;It allows us to continue work in the risk reduction phase with a fully staffed team focused on design maturation, aircraft integration, and mobilizing the supply base to prepare for production.&#8221;
Jeff Shockey, senior vice president of RTX Global Government Relations, stated, &#8220;Their steadfast commitment to the F135 ensures it will deliver critical capabilities for decades to come.&#8221;
To date, Pratt &amp; Whitney has delivered over 1,200 F135 engines, accumulating more than 900,000 flight hours.
The F135 ECU will be integrated into new F-35s during production or retrofitted at global F135 depot sustainment facilities, making it accessible to all F-35 operators.
Apart from this, RTX&#8217;s Raytheon delivered its first sensor payload to Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), ensuring the U.S. Space Force&#8217;s Next-Generation Overhead Persistent Infrared (Next-Gen OPIR) Geosynchronous Earth Orbit (GEO) Block 0 missile warning satellite remains on s<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n41094163/rtxs-raytheon-delivers-missile-warning-sensor" rel="noreferrer noopener">chedule for its initial launch in 2025</a>.
Investors can gain exposure to the stock via iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and First Trust Exchange-Traded Fund First Trust Indxx Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>).
Price Action: RTX shares are up 0.12% at $121.16 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/24/09/40888451/russia-to-expand-army-for-third-time-since-war-with-ukraine-began-defense-stocks-rtx-northrop-grumma" target="_blank" rel="noreferrer noopener">Russia To Expand Army For Third Time Since War With Ukraine Began: Defense Stocks RTX, Northrop Grumman Gain</a></li>
</ul>

RTX Wins $1.3B Contract For F135 Engine Upgrade: Details

Pratt &amp; Whitney, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, has been awarded a contract valued up to $1.3 billion to continue work on the F135 Engine Core Upgrade (ECU), which will deliver enhanced durability to the engine. The ECU also provides power and cooling for Block 4 and beyond capabilities for all three variants of the F-35 global enterprise.

Reported Earlier, Pratt & Whitney Secures $1.3B Contract for F-35 Engine Upgrade

USSF Next-Gen OPIR payload to provide critical missile warning data
EL SEGUNDO, Calif., Sept. 30, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, delivered its first sensor payload to prime contractor Lockheed Martin, keeping the U.S. Space Force Space Systems Command's first Next-Generation Overhead Persistent Infrared, or Next-Gen OPIR, Geosynchronous Earth Orbit (GEO) Block 0 missile warning satellite on track for a 2025 initial launch capability.
Designed to improve missile warning resilience and performance, two Next-Gen OPIR GEO satellites will eventually provide continuous coverage over mid-latitudes to the existing constellation. Raytheon is designing and building sensor payloads for both satellites.
Prior to delivery of the first payload, Raytheon completed a series of assessments including thermal vacuum testing. Thermal vacuum testing exposes the payload to a space-like environment and validates digital models to ensure the sensor meets design requirements. The second sensor payload is more than 60 percent completed and is scheduled to start thermal vacuum testing in early 2025.

RTX's Raytheon Delivered Its First Sensor Payload To Prime Contractor Lockheed Martin, Keeping The U.S. Space Force Space Systems Command's First Next-Generation Overhead Persistent Infrared, Or Next-Gen OPIR GEO Block 0 Missile Warning Satellite On Track For A 2025 Initial Launch Capability

Multi-mission weapon system will provide increased flexibility and capability for U.S. and allied navies
TUCSON, Ariz., Sept. 30, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, has received a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles and spares for the U.S. and allied nations.
ESSM Block 2 is a short to medium-range, ship-launched, dual-mode, guided missile that has increased maneuverability and improved performance over its Block 1 predecessor.

RTX Receives $525M U.S. Navy Contract For ESSM Block 2 Missiles And Spares For The U.S. And Allied Nations

This latest version features GaN technology for increased sensitivity.
TUCSON, Ariz., Sept. 25, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, has delivered the first AN/TPY-2 radar for the Kingdom of Saudi Arabia. The AN/TPY-2 is a missile defense radar that can detect, track and discriminate ballistic missiles in multiple phases of flight.
This is the first AN/TPY-2 radar with a complete Gallium Nitride, or GaN, populated array in the system. GaN is a glasslike material that offers key advantages over other radio frequency semiconductors in energy efficiency, weight and power output. GaN technology provides greater sensitivity to increase range as well as expand surveillance capacity. This technology is also a key enabler in allowing the AN/TPY-2 radar to support the hypersonic mission.

Global

RTX's Raytheon Completes First AN/TPY-2 Radar For The Kingdom Of Saudi Arabia

State Department Makes Determination Approving Sale To Egypt Of Stinger Missiles For $740M

Nasdaq, S&P, Dow end lower as October starts with Iran launching missiles against Israel

Investing in growth stocks is appealing due to attractive pricing, stable business activity, easing inflation, and the Fed's gradual rate cuts, all of which create a favorable environment for capital gains. With a positive global economic outlook, it could be wise to consider investing in stocks that Wall Street loves for 2024, such as RTX (RTX), Cigna (CI), and General Dynamics (GD). Read on… The recent pullback in the U.S. market presents an opportunity to acquire growth stocks at more attractive prices. Stable U.S. business activity signals strong growth and resilience, creating a favorable environment for high-growth investments. Additionally, positive sentiment in sectors like defense and healthcare may lead to promising future opportunities.
Therefore, it may be wise for investors to consider investing in strong stocks that Wall Street loves for 2024, such as RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>), The Cigna Group (<a href="https://stocknews.com/stock/CI/">CI</a>), and General Dynamics Corporation (<a href="https://stocknews.com/stock/GD/">GD</a>), all of which have strong growth potential.
Inflation has eased to <a href="https://www.cnbc.com/2024/09/13/fed-will-ease-slowly-as-there-is-still-work-to-do-on-inflation-fitch.html">2.5% year-over-year</a>, the lowest since February 2021. As it stabilizes, companies could see improved profitability, making certain stocks more appealing. Additionally, the Federal Reserve's gradual rate cuts over the next 25 months are expected to create a favorable environment for stock market growth by reducing borrowing costs and boosting corporate investment.
Historically, gradual <a href="https://www.reuters.com/markets/rates-bonds/with-feds-rate-cut-hand-debate-swirls-over-how-big-move-2024-09-18/">Fed rate cuts</a> have fueled stock market rallies, creating opportunities for capital gains as monetary policy eases and inflation stabilizes. Amid this, growth stocks stand out for their above-average revenue growth, with companies frequently reinvesting profits to drive future expansion, making them a compelling choice for long-term investors.
Considering these conducive trends, let's analyze the fundamentals of the three growth picks mentioned above.
RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>)
RTX is an aerospace and defense company that provides systems and services for commercial, military, and government customers internationally. It operates through three segments: Collins Aerospace, Pratt &amp; Whitney, and Raytheon.
RTX's levered FCF grew at a CAGR of 13.1% over the past three years. Also, its EBITDA grew at a CAGR of 3.6% over the past three years.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, RTX's 12.99% is 101.7% higher than the 6.44% industry average. Likewise, its 3.28% trailing-12-month Capex / Sales is 12.4% higher than the 2.92% industry average.
RTX's sales for the second quarter ending June 30, 2024, increased 7.7% from the year to $19.72 billion. Its adjusted net income attributable to common shareholders remained flat year-over-year at $1.90 billion, while its EPS rose 9.3% year-over-year to $1.41. Additionally, the company's free cash flow increased significantly from the previous year to $2.20 billion.
Street expects RTX's EPS and revenue for the quarter ending September 30, 2024, to increase 7.3% and 47.3% year-over-year to $1.34 and $19.83 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. The stock has gained 68.6% over the past year to close the last trading session at $121.47.
RTX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #21 out of 71 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry. It has a B grade for Growth, Momentum, and Sentiment. <a href="https://stocknews.com/stock/RTX/">Click here</a> to see RTX's ratings for Value, Stability, and Quality.
The Cigna Group (<a href="https://stocknews.com/stock/CI/">CI</a>)
CI provides insurance and related services. It operates through its Evernorth Health Services and Cigna Healthcare segments. The company also offers permanent insurance contracts for financing employer-paid benefits.
CI's revenue grew at a CAGR of 9% over the past five years. Also, its total assets grew at a CAGR of 0.3% over the past three years.
In terms of the trailing-12-month EBIT margin, CI's 3.51% is 22.5% higher than the 2.87% industry average. Similarly, its 1.41x asset turnover ratio is 243.1% higher than the 0.41x industry average.
During the second quarter ended June 30, 2024, CI's adjusted revenues increased 24.4% year-over-year to $60.47 billion. Its adjusted income from operations rose 4.9% and 9.6% year-over-year to $1.91 billion, or $6.72 per share. Moreover, the company's pharmacy revenues came in at $45.10 billion, up 32.8% over the prior-year quarter.
Analysts expect CI's revenue for the quarter ending September 30, 2024, to increase 21.5% year-over-year to $59.59 billion. Its EPS for the same quarter is expected to grow 8.1% year-over-year to $7.32. It surpassed the EPS estimates in each of the trailing four quarters. Over the past nine months, CI's stock has gained 15.9% to close the last trading session at $345.62.
It's no surprise that CI has an overall rating of A, which translates to a Strong Buy in our proprietary POWR Ratings system.
It has a B grade for Growth, Value, Stability, and Quality. It is ranked #2 out of 10 stocks in the A-rated <a href="https://stocknews.com/category/health-insurance/">Medical - Health Insurance</a> industry. Beyond what we stated above, we also have given CI grades for Momentum and Sentiment. Get all the CI's ratings <a href="https://stocknews.com/stock/CI/">here</a>.
General Dynamics Corporation (<a href="https://stocknews.com/stock/GD/">GD</a>)
GD operates as a global aerospace and defense company through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies.
On September 19, 2024, GDIT announced a $299 million contract from the Defense Information Systems Agency (DISA) to support and enhance the Pentagon's network infrastructure. The contract includes a one-year base period with two six-month options.
On September 13, 2024, GD's NASSCO announced a contract to build up to eight additional John Lewis-class fleet replenishment oilers for the U.S. Navy, starting with a $780 million award for the tenth ship. If all eight ships are built, the contract's total value could exceed $6.70 billion.
GD's EPS grew at a CAGR of 3.7% over the past three years. Likewise, its net income grew at a CAGR of 2.6% during the same period.
In terms of the trailing-12-month net income margin, GD's 7.89% is 26.9% higher than the 6.22% industry average. Its 6.39% trailing-12-month Return on Total Assets is 29.5% higher than the 4.94% industry average. Likewise, its 0.83x trailing-12-month asset turnover ratio is 6.6% higher than the industry average of 0.78x.
GD's revenue for the second quarter which ended on June 30, 2024, increased 18% year-over-year to $11.98 billion. Its operating earnings rose 20.2% from the year-ago quarter to $1.16 billion. Moreover, the company's net earnings amounted to $905 million and $3.26 per share, up 21.6% and 20.7% over the previous year's quarter, respectively.
For the quarter ending September 30, 2024, GD's EPS and revenue are expected to increase by 22.6% and 15.1% year-over-year to $3.73 and $12.17 billion, respectively. It has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters. Over the past year, the stock has gained 37.5% to close the last trading session at $301.56.
GD's POWR Ratings reflect a robust outlook. It has an overall rating of B, which translates to a Buy in our proprietary system.
It is ranked #5 in the Air/Defense Services industry. It has a B grade for Growth, Momentum, Stability, and Sentiment. <a href="https://stocknews.com/stock/GD/">Click here</a> to access additional grades of GD for Value and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
RTX shares were trading at $121.16 per share on Thursday afternoon, up $0.26 (+0.22%). Year-to-date, RTX has gained 46.60%, versus a 21.55% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/rtx-ci-gd-3-growth-stocks-wall-street-loves-for-2024/>3 Growth Stocks Wall Street Loves for 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Growth Stocks Wall Street Loves for 2024

L3Harris Technologies: A Mispriced Gem Among U.S. Defense Stocks

RTX upgraded at Deutsche Bank on growth outlook for aviation

Wells Fargo's 'Core' stocks: GOOGL, HD, KO, and more

Wall Street Lunch: 'Insane' Nvidia Demand

Election Outcome Presents Opportunity For Investors

Notable analyst calls this week: Humana, EQT and Stellantis among top picks

TD Cowen analyst Cai von Rumohr maintained a Buy rating on RTX (RTX – Research Report) today and set a price target of $142.00. Cai von Rumohr has ...

Buy Rating Affirmed for RTX Amid Strong Defense Orders and Aerospace Performance

ACTV

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AVGO

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CMCSA

COHR

CSCO

EADSF

FSLR

GOOGL

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IVOV

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MAGS

ORCL

PAYX

PLTR

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SPMD

SPMO

SPMV

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SPUU

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Press Releases

airBaltic and RTX's Pratt & Whitney Unveil Long-Term Engine Maintenance Deal

RTX's Raytheon completes first AN/TPY-2 radar for the Kingdom of Saudi Arabia

RTX receives U.S. Navy contract for ESSM Block 2 Missiles

RTX's Raytheon delivers Missile-Warning Sensor

RTX's Pratt & Whitney awarded F135 Engine Core Upgrade contract

RTX to release third quarter results on October 22, 2024

RTX's Raytheon awarded U.S. Navy contract for Next Generation Jammer Mid-Band Expansion

RTX's Pratt & Whitney opens its largest Military Engines facility in Oklahoma City

RTX to develop ultra-wide bandgap semiconductors for DARPA

RTX's Raytheon completes hydrodynamic testing for the Barracuda Mine Neutralization System

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