Was Jim Cramer Right About RTX Corporation (RTX)?
We recently published a list of . In this article, we are going to take a look at where RTX Corporation (NYSE:RTX) stands against other stocks that Jim Cramer discusses.
Back in 2024, on May 15, Mad Money's Jim Cramer discussed the performance of post-breakup aerospace and defense stocks, spotlighting RTX Corporation (NYSE:RTX) as a strong example of a successful spin-off from United Technologies.
'The part that merged with Raytheon, the new RTX, has rallied 108% since the breakup, total return of 13% including dividend. It's now worth over $140 billion. This was that little problem they had with the engine — they really put that behind them very quickly. I'm proud of these guys, by the way. I think RTX is a great business, both on the commercial aerospace and the defense side.'
Cramer's confidence paid off, as the stock climbed a solid 29.97% since his endorsement.
An aerial view of a commercial jetliner in flight, its airframe glinting in the sun.
RTX Corporation (NYSE:RTX) is expanding its aerospace services business as defense orders rebound and commercial travel returns to strength. During a recent discussion earlier in May on how tariffs could affect the company, Jim Cramer said the following:
'First of all, they were very forthcoming about the tariffs. That was right. Second, it is a way for people, for countries to be able to say, listen, I know we have a trade, we have a huge trade surplus with you. We are going to write a check to RTX and get what we need. You are spot on.'
Overall, RTX ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RTX and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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