最新ニュース RTX (NYSE:RTX) 株価情報

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.

RTX Corp

RTX ORD

News

RTX's Pratt & Whitney To Showcase Hydrogen-Fueled Turboprop Technology With PW127XT Engine In Canada's INSAT Program, Partnering With Next Hydrogen For Infrastructure Development

Election Day is here. A win for Republican Donald Trump or Democrat Kamala Harris could <a href="https://www.benzinga.com/general/politics/24/11/41750069/80-million-votes-cast-in-early-voting-mail-in-voting-before-election-day-over-50-of-2020-electio">move different market sectors</a>. 
Here is a list of stocks to watch as the country <a href="https://www.benzinga.com/markets/equities/24/11/41724383/wall-street-struggles-ahead-of-election-day-energy-sector-outperforms-solar-stocks-rise-whats-dr">waits for the final tally.</a> 
Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares are climbing on heavy trading volume on the final day of voting. The stock soared 270% from its September lows as investors speculate on a potential Trump victory. Matthew Tuttle, CEO of investment fund Tuttle Capital Management, has <a href="https://www.benzinga.com/news/24/10/41608242/trump-media-technology-stock-soars-after-msg-rally-will-the-gains-hold">called the stock</a> "a binary bet on the election." However, some analysts <a href="https://www.benzinga.com/general/politics/24/10/41630878/djt-short-squeeze-could-push-stock-to-60-if-trump-wins-but-analysis-says-loss-could-make-shares-">​​suggest</a> the stock could plummet if <a href="https://www.benzinga.com/general/politics/24/09/40783924/trump-vs-harris-election-forecaster-with-9-out-of-10-accurate-predictions-makes-final-call-says-">Trump loses the election</a>. 
Read More: <a href="https://www.benzinga.com/general/politics/24/10/41630878/djt-short-squeeze-could-push-stock-to-60-if-trump-wins-but-analysis-says-loss-could-make-shares-">DJT Short Squeeze Could Push Stock To $60 If Trump Wins, But Analysis Says Loss Could Make Shares &#8216;Worthless&#8217;</a>
XOM, FSLR: Investors are watching Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) stock as traditional energy companies <a href="https://www.benzinga.com/markets/equities/24/11/41724383/wall-street-struggles-ahead-of-election-day-energy-sector-outperforms-solar-stocks-rise-whats-dr">could gain </a>from favorable oil and gas policies under a Trump administration. It&#8217;s worth noting that the <a href="https://www.benzinga.com/government/23/10/35240230/us-is-producing-more-oil-under-biden-than-at-any-point-under-the-trump-administration">U.S. produced more oil</a> under the Biden administration than at any point under the Trump administration. Conversely, solar energy companies like First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) are on watch as they could benefit from Harris' support of renewable energy policies and climate initiatives. 
RTX: Wall Street analysts are generally bullish on defense stocks in the event of a Trump victory putting shares of RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) under watch as the polls close.  RTX, formerly Raytheon Technologies, is one of the &#8220;Big Five&#8221; defense contractors which are likely to benefit from increased <a href="https://www.benzinga.com/news/24/10/41332235/why-raytheon-parent-rtx-stock-is-up">defense spending</a>. General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) and Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) are other defense contractors stocks to watch. 
LEN: Homebuilders' stocks such as Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) could gain from Harris&#8217; plans to promote homeownership if elected. One Harris proposal includes providing up to $25,000 in down payment assistance for first-time homebuyers who have paid their rent on time for two years. Other home builders to watch include D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) and KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>). 
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41690154/shock-october-jobs-report-leaves-fed-in-tight-spot-experts-say-interest-rate-cuts-a">Shock October Jobs Report Leaves Fed In &#8216;Tight Spot:&#8217; Experts Say Interest Rate Cuts Ahead</a></li>
</ul>
Image: Shutterstock

Politics

Movers

FSLR

PLTR

5 Stocks To Watch On Election Day: Trump Media, Exxon, First Solar, RTX, Lennar

All eyes are focused on the upcoming U.S. presidential election, with several indicators suggesting a tight race between Vice President Kamala Harris and former President Donald J. Trump. However, a<a href="https://www.benzinga.com/news/24/11/41702887/harris-takes-lead-in-red-state-iowa-in-shock-poll"> shocking poll</a> result in Iowa may have significant implications for the race and thus for the broader geopolitical paradigm.
According to pollster Ann Selzer of the Des Moines Register, Harris leads Trump 47% to 44% among likely voters. As Benzinga staff writer Bibhu Pattnaik mentioned, the significance is that "Trump held a four-point lead in the same poll in September – and led President Joe Biden by 18 points before Biden quit the race."
To be fair, another Iowa poll conducted by Emerson College Polling/RealClearDefense showed that Trump is leading Harris by 10 percentage points. Therefore, the Trump campaign dismissed the Des Moines Register/Mediacom survey as an "outlier poll."
Nevertheless, Selzer commands a<a href="https://www.newsweek.com/who-ann-selzer-iowa-poll-kamala-harris-1979294"> strong</a> reputation, having made controversial calls that later turned out to be correct. These calls included correctly predicting Trump's win in Iowa in 2016 and 2020. If the pollster turns out to be correct once more, investors may want to turn their attention to the geopolitical realm.
Harris has maintained the Biden administration's strong support of Ukraine in its efforts to expel Russia's invasion. At the same time, the vice president has<a href="https://www.benzinga.com/news/24/09/40811624/kamala-harris-slams-donald-trump-over-friendship-with-russian-president-a-dictator-who-would-eat-you"> also blasted Trump</a> for his "friendship" with Russian president Vladimir Putin. Should Harris win on Tuesday, it's probable that every effort would be made to provide lethal aid to Ukraine. Cynically, this push would likely bolster the defense industry.
The DFEN ETF: Investors willing to speculate on an electoral victory for the Democrats may consider the Direxion Daily Aerospace &amp; Defense Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFEN#NYSE">DFEN</a>). A highly leveraged exchange-traded fund, DFEN seeks the daily investment results of 300% of the performance of the Dow Jones U.S. Select Aerospace &amp; Defense Index.
Under the DFEN fund are leading defense contractors, such as RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>). However, the ETF also includes companies that are tied to civilian aerospace infrastructure, particularly General Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) — which conducts business under GE Aerospace — and Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).
However, it should be noted that leveraged ETFs are incredibly risky. Further, investors should not hold a position for longer than one day. Otherwise, the daily compounding of volatility could lead to value erosion over time.
The DFEN Chart: Although DFEN predictably encountered significant choppiness, the overall picture has been bullish, with the fund gaining 34% on a year-to-date basis.
<ul>
<li>The defense-focused ETF saw a noticeable pop higher on Monday off the back of the aforementioned Iowa poll.</li>
<li>It's also interesting to note that DFEN began showing signs of life after President Joe Biden dropped out of the race, allowing Harris to shine.</li>
<li>Nevertheless, investors should watch the broadening wedge formation that has developed since July, which may have bearish implications.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfrKHJD6Fu8oL9or0F5h4uECVdYzZJk1qWF9WUBxWePDex7pku9b_M4gC-QtiKbh_ZpvORnkJQxGadiKg2UFam3BzVbMHlsXX5oNdKV2OWVn9eeqpjAk_3mvpKGJTHucoz1ikj-rxo6iUo7tuMFxEC_kZc?key=8eSb-ke5LINFd69vDC9NyN6A" alt="" /></figure>
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Long Ideas

Short Ideas

Technicals

Trading Ideas

ETFs

DFEN

Heightened Tensions Amid Election Drama Could Bolster Direxion's DFEN Fund

Next Level Aviation&#xAE; to continue to support Pratt &amp; Whitney CSA through consignment of used serviceable engine accessories for an additional three years
DANIA BEACH, Fla., Oct. 29, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4287174-1&amp;h=54195051&amp;u=https%3A%2F%2Furl.avanan.click%2Fv2%2F___https%3A%2Fnextlevelaviation.net%2F___.YXAzOmFlcm9zcGFjZW1hcmtldGluZzphOm86M2I0NzE4YjAyYThiNWNkZWM1ZjIzZjY4M2ZmMzZjNGE6NjozMjBlOjU4MGY3YWEwNWE4Y2I5OTNmNWY2ZTFjYWVkMWMwYjY0NDdhNWZmYjNlMzNiOWE2ZjBlZWE5OTkxZDdjMGQ2Njk6cDpGOk4&amp;a=Next+Level+Aviation%C2%AE+(NLA)">Next Level Aviation&#xAE; (NLA)</a>, a leader in the global distribution of used serviceable materials (USM), has extended an agreement with Pratt &amp; Whitney Commercial Serviceable Assets (CSA), regarding the sale of used serviceable material (USM) for aircraft engines for an additional three years. This further enhances Next Level Aviation's leadership position as a global distributor of USM, primarily supporting Boeing and Airbus aircraft platforms and associated jet engines. Pratt &amp; Whitney is an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business.

Next Level Aviation Extends An Agreement With Pratt & Whitney Commercial Serviceable Assets, Regarding The Sale Of Used Serviceable Material For Aircraft Engines For An Additional 3-Years

Air Force and Navy successfully test radar against stressing targets
NAVAL BASE VENTURA COUNTY POINT MUGU, Calif., Oct. 29, 2024 /PRNewswire/ -- Raytheon, an&nbsp;RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, in partnership with the Office of the Secretary of Defense (OSD), the U.S. Air Force Research Laboratory Strategic Development Planning and Experimentation office, and the U.S. Navy, demonstrated the multi-mission GhostEye&#xAE; MR advanced medium-range sensor during a joint test event called Gray Flag 2024. GhostEye MR tracked targets over water, showcasing the sensor's readiness to deter current and future threats.

RTX's Raytheon Continues To Demonstrate GhostEye MR Operational Readiness During U.S. Military Test Event

Barclays analyst David Strauss maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Equal-Weight and raises the price target from $108 to $130.

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on RTX, Raises Price Target to $130

Collins Aerospace Develops High-Voltage Power Systems To Power Hybrid-Electric Flight In EU Clean Aviation Project

RBC Capital analyst Ken Herbert maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Sector Perform and raises the price target from $115 to $130.

RBC Capital Maintains Sector Perform on RTX, Raises Price Target to $130

UBS analyst Gavin Parsons maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Neutral and raises the price target from $126 to $133.

UBS Maintains Neutral on RTX, Raises Price Target to $133

Doubled production floor space and new machinery improves capacity and customization opportunities
LAS VEGAS, Oct. 23, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business is expanding its executive aircraft seating facility in Medley, Florida. The $2 million investment doubles the facility's upholstery production floor space to 30,000 square feet and adds state-of-the-art machining equipment that improves production efficiencies, enhances capabilities and reduces material waste.
A leader in seating upholstery for executive, business and VIP aircraft, Collins' 150,000 square-foot Medley facility uses a mix of high-tech automated machining and specialized craftsmen to produce highly customized aircraft furnishing solutions to meet the needs of its global customer base. The additional floor space and advanced machinery not only enhance the site's production capacity but expand its range of bespoke luxury upholstery solutions.

RTX's Collins Aerospace Expands Executive Aircraft Seating Operations In Medley, Florida; The $2M Investment Doubles The Facility's Upholstery Production Floor Space To 30,000 Square Feet And Adds Machining Equipment That Improves Production Efficiencies, Enhances Capabilities And Reduces Material Waste

Contracts

RTX's Raytheon TOW Wins $676M Contract To Continue Manufacturing Tube-Launched, Optically-Tracked, Wireless-Guided TOW Weapon System For U.S. Army.

Susquehanna analyst Charles Minervino maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Positive and raises the price target from $140 to $150.

Susquehanna Maintains Positive on RTX, Raises Price Target to $150

Agreement marks significant expansion of Collins' 787 MRO services in Europe
BARCELONA, Spain, Oct. 23, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, today announced it has signed a 10-year contract with Air Europa to provide comprehensive maintenance, repair and overhaul (MRO) services for the airline's fleet of 787 aircraft. Through its&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283284-1&amp;h=3761970310&amp;u=https%3A%2F%2Fwww.collinsaerospace.com%2Fwhat-we-do%2Findustries%2Fcommercial-aviation%2Fservice-solutions%2Fflightsense&amp;a=FlightSense%C2%AE">FlightSense&#xAE;</a> and&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283284-1&amp;h=3293531482&amp;u=https%3A%2F%2Fwww.collinsaerospace.com%2Fwhat-we-do%2Findustries%2Fcommercial-aviation%2Fservice-solutions%2Fcommercial-avionics-service-and-support-solutions%2Fdispatch&amp;a=DispatchSM">DispatchSM</a>&nbsp;combined asset and MRO programs, Collins will supply Air Europa with onsite support for a number of 787 systems, including electric power, environmental control, avionics, lighting and cargo. In addition, Collins will provide predictive health maintenance through its <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283284-1&amp;h=3788028922&amp;u=https%3A%2F%2Fwww.collinsaerospace.com%2Fwhat-we-do%2Findustries%2Fcommercial-aviation%2Fanalytics-solutions%2Fascentia-analytics-services&amp;a=Ascentia%C2%AE">Ascentia&#xAE;</a>&nbsp;software platform and expand its pool of 787 spares in Europe.

RTX's Collins Aerospace Signs A 10-Year Contract With Air Europa To Provide Comprehensive Maintenance, Repair And Overhaul Services For The Airline's Fleet Of 787 Aircraft

Morgan Stanley analyst Kristine Liwag maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Equal-Weight and raises the price target from $120 to $130.

Morgan Stanley Maintains Equal-Weight on RTX, Raises Price Target to $130

Financial giants have made a conspicuous bearish move on RTX. Our analysis of options history for RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) revealed 16 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $217,787, and 10 were calls, valued at $592,142.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $135.0 for RTX over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for RTX options trades today is 1306.5 with a total volume of 43,194.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for RTX's big money trades within a strike price range of $70.0 to $135.0 over the last 30 days.
<h3>RTX Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729629079_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$7.5</td>
<td>$7.45</td>
<td>$7.5</td>
<td>$125.00</td>
<td>$150.0K</td>
<td>1.2K</td>
<td style="text-align: right;">248</td>
</tr>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$12.25</td>
<td>$11.75</td>
<td>$11.8</td>
<td>$120.00</td>
<td>$94.4K</td>
<td>161</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$1.79</td>
<td>$1.5</td>
<td>$1.53</td>
<td>$130.00</td>
<td>$82.1K</td>
<td>5.7K</td>
<td style="text-align: right;">586</td>
</tr>
<tr>
<td>RTX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$9.05</td>
<td>$8.85</td>
<td>$8.95</td>
<td>$125.00</td>
<td>$62.6K</td>
<td>8</td>
<td style="text-align: right;">77</td>
</tr>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$57.0</td>
<td>$56.6</td>
<td>$56.6</td>
<td>$70.00</td>
<td>$56.6K</td>
<td>281</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About RTX</h3>
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 &amp; 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.
<h3>RTX's Current Market Status</h3>
<ul>
<li>With a volume of 5,733,440, the price of RTX is down -0.25% at $125.58. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 0 days.</li>
</ul>
<h3>What The Experts Say On RTX</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $130.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup has decided to maintain their Neutral rating on RTX, which currently sits at a price target of $132. 
&#x2A; An analyst from Deutsche Bank upgraded its action to Hold with a price target of $129. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest RTX options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

What the Options Market Tells Us About RTX

Wall Street traded lower for the second consecutive day on Tuesday, as investor sentiment turned cautious with the U.S. presidential election <a href="https://www.benzinga.com/topic/2024-elections">just two weeks away. </a>
Concerns over U.S. fiscal policies and potential shifts in economic direction fueled the pause in risk-taking.
The International Monetary Fund (IMF) upgraded its U.S. growth forecasts for 2024 and 2025 in the latest World Economic Outlook, while also flagging rising concerns about the country's debt trajectory, warning that with current large fiscal deficits, &#8220;the U.S. public debt is not stabilized.&#8221;
Commodities were the standout performers on Tuesday, with both metals and energy experiencing notable gains.
Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), rose 0.8%, pushing further into record territory. This increase extended its year-to-date performance to 34%, positioning gold for its strongest <a href="https://www.benzinga.com/markets/bonds/24/10/41455678/gold-on-track-for-best-year-since-1979-veteran-investor-says-sell-bonds-buy-gold">annual gain since 1979.</a> Gold miners, as represented by the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), rallied for the ninth consecutive session, hitting their highest levels in over four years.
Silver, tracked by the iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>), surged 2.8%, reaching levels not seen since October 2012.
Oil prices rallied nearly 3%, building on a 2% surge from Monday. U.S. Treasury yields ticked up modestly on Tuesday following Monday's spike, with the 10-year yield settling at 4.21%.
Meanwhile, the U.S. Dollar Index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), climbed past the 104 mark, continuing its steady ascent and eyeing a fourth consecutive week of gains.
In the cryptocurrency market, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 0.5%, dipping to around $67,000 and marking its second consecutive day of declines.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In US Major Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %change</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,907.57</td>
<td>-0.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,840.39</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,291.15</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,228.60</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:35 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.3% to $581.79.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.1% lower to $429.14.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.4% to $493.29.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% $221.04.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 0.6%. The Industrial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.1%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Performers</h3>
General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) surged 9%, on track for its strongest session in nearly a year, after reporting stronger-than-expected earnings and announcing an additional $5 billion share buyback program extending into next year.
Other stocks reacting to earnings include: 
<ul>
<li>Southern Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>), up 1.5%</li>
<li>Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), down 6%</li>
<li>W.R. Berkley Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>), down 4.6%</li>
<li>Zion Bancorp. N.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>), up 6.8%</li>
<li>Wintrust Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>), up 1.6%</li>
<li>Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), up 8.8%</li>
<li>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), down over 8%</li>
<li>Danaher Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>), down 3%</li>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), down 4.4%</li>
<li>RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), down 0.4%</li>
<li>Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), down 5.8%</li>
<li>Fiserv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), down 0.4%</li>
<li>Moodys Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) down 4.5%</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), down 0.9%</li>
<li>Freeport-McMoran Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), up 1.4%</li>
<li>Kimberly-Clark Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>), down 4%</li>
<li>PulteGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>), down 5.7%</li>
</ul>
Large-cap companies reporting earnings after the close include Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>), Manhattan Associates Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>), East West Bancorp. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) and Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)
Now Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/10/41455013/how-us-elections-could-impact-us-dollar-goldman-sachs-expects-greenback-will-remain-stronger-for-lon">How US Elections Could Impact US Dollar: Goldman Sachs Expects Greenback Will Remain &#8216;Stronger For Longer&#8217;</a></li>
</ul>
Image: Shutterstock

Earnings

Equities

Large Cap

Mid Cap

Sector ETFs

Broad U.S. Equity ETFs

New ETFs

Commodities

Currency ETFs

Small Cap

Tech

$BTC

SPDR Dow Jones Industrial Average ETF Trust

ENPH

EWBC

Market Vectors ETF Trust Market Vectors Gold Miners

MANH

SCCO

PowerShares DB US Dollar Index Bullish Fund

WTFC

ZION

Stocks Fall, GM Eyes Best Day In A Year, Gold Breaks Records, Silver Hits 12-Year Highs: What's Driving Markets Tuesday?

<ul>
<li>NVDA</li>
<li>TSLA</li>
<li>AI</li>
<li>RTX</li>
<li>QQQ</li>
<li>MCD</li>
<li>MSFT</li>
<li>LINE</li>
<li>LOT</li>
<li>OKLO</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

LINE

MSFT

NVDA

OKLO

TSLA

Top 10 Trending Stocks On WallStreetBets As Of October 22, 2024 (Via Swaggy Stocks)

RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) shares are trading higher after the company&#8217;s <a href="https://www.benzinga.com/pressreleases/24/10/n41447158/rtx-reports-third-quarter-2024-results" target="_blank" rel="noreferrer noopener">third-quarter fiscal 2024</a> results exceeded street expectations.
RTX raised its 2024 outlook after adjusted net sales increased 6% year-over-year to $20.089 billion. The company beat the consensus of $19.848 billion. Adjusted EPS grew 16% to $1.45, above the consensus of $1.34.
Collins Aerospace&#8217;s sales were $7.075 billion (+7% Y/Y). This was driven by a 14% increase in defense and 9% growth in commercial aftermarket. Numbers were partially offset by an 8% decline in commercial OE sales. The adjusted operating margin contracted by 10 bps Y/Y to 15.5%.
Pratt &amp; Whitney&#8217;s sales were $7.239 billion (+14% Y/Y), driven by a 13% increase in commercial aftermarket, 20% military growth, and a 9% rise in commercial OE. The adjusted operating margin was 8.2%, up 170 bps.
Raytheon&#8217;s sales declined 1% year over year to $6.386 billion due to the divestiture of its Cybersecurity business. Excluding the divestiture, sales rose 5%. The adjusted operating margin expanded by 160 bps to 10.4%.
At the end of the quarter, the backlog was $221 billion, of which $131 billion was from commercial aerospace and $90 billion was from defense.
RTX&#8217;s operating cash flow for the third quarter totaled $2.523 billion compared to $3.316 billion last year and free cash of $1.971 billion.
The company returned $1.1 billion of capital to shareholders this quarter, bringing the total capital returned since the merger to over $32 billion. Additionally, it realized $90 million in incremental RTX gross cost synergies, achieving the $2 billion post-merger target.
&#8220;RTX delivered another strong quarter of organic sales growth, adjusted segment margin expansion, and free cash flow. Demand across our portfolio, particularly within commercial aftermarket and defense, remains robust and gives us the confidence to again raise our full year outlook for adjusted sales&#x2A; and adjusted EPS,&#8221; commented RTX President and CEO Chris Calio.
Outlook 2024: RTX expects adjusted sales of $79.25 billion-$79.75 billion (prior $78.75 billion-$79.5 billion) versus the consensus of $78.501 billion.
Raises adjusted EPS outlook to $5.50-$5.58 (prior $5.35-$5.45) versus the consensus of $5.47.
The company reaffirms its free cash flow outlook of ~$4.7 billion for the year.
Recently, Collins Aerospace, an RTX business, announced <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41429050/rtxs-collins-aerospace-delivers-first-upgraded-venue-cabin-management-systems-with-smart-monitors" rel="noreferrer noopener">the first deliveries of its upgraded Venue&#x2122; cabin management system</a>, featuring new smart monitors and an enhanced user interface. With over 1,700 installations, Venue offers 4K resolution, improved cabin controls, and a streamlined user experience.
Price Action: 
<ul>
<li>RTX shares are trading higher by 1.59% at $127.90 premarket at the last check Tuesday.</li>
</ul>

Guidance

RTX Lifts 2024 Outlook, Beats Q3 Expectations On Strong Defense And Commercial Growth

General

RTX shares are trading higher after the company reported better-than-expected Q3 financial results and raised 2024 outlook.

Updates&nbsp;outlook&nbsp;for full year 2024
<ul>
<li>Adjusted sales&#x2A; of&nbsp;$79.25&nbsp;-&nbsp;$79.75 billion, up from&nbsp;$78.75&nbsp;-&nbsp;$79.5 billion</li>
<li>Adjusted EPS&#x2A; of&nbsp;$5.50&nbsp;-&nbsp;$5.58, up from&nbsp;$5.35&nbsp;-&nbsp;$5.45</li>
<li>Confirms free cash flow&#x2A; of approximately&nbsp;$4.7 billion</li>
</ul>
&quot;RTX delivered another strong quarter of organic sales&#x2A; growth, adjusted segment margin&#x2A; expansion, and free cash flow&#x2A;,&quot; said RTX President and CEO&nbsp;Chris Calio. &quot;Demand across our portfolio, particularly within commercial aftermarket and defense, remains robust and gives us the confidence to again&nbsp;raise our full year&nbsp;outlook&nbsp;for adjusted sales&#x2A; and adjusted EPS&#x2A;.&quot;
&quot;With a&nbsp;record&nbsp;$221 billion&nbsp;backlog, we are focused on executing our strategic priorities to drive best-in-class performance, deliver for our customers and create long-term shareowner value.&quot;

RTX Raises 2024 Outlook: Now Adjusted Sales Of $79.25B-$79.75B (Prior $78.75B-$79.5B) Vs. $79.501B Est., And Adjusted EPS Of $5.50-$5.58 (Prior $5.35-$5.45) Vs. $5.47 Est.

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The U.S. State Department has made a determination approving a possible Foreign Military Sale to the Government of Denmark of AIM-120D-3 Advanced M...

U.S. State Department approves sale of RTX's AMRAAM missiles to Denmark

RTX (RTX) was awarded a $118.45M firm-fixed-price modification to previously award contract for fiscal 2025 Navy procurements for Rolling Airframe ...

RTX awarded $118.45M Navy contract modification

Raytheon secures $118.4M contract modification from the U.S. Navy

Robotics is pivotal in the automation revolution, driving substantial growth in diverse sectors like air defense and healthcare. Therefore, it could be wise to consider fundamentally strong robotics stocks like RTX (RTX), Stryker (SYK), and Medtronic (MDT). Read on... The robotics market is leading the automation revolution, driven by groundbreaking innovations in AI, machine learning, collaborative robots, enhanced safety features, and autonomous systems. With such rapid advancements, investing in this market presents a compelling opportunity for substantial growth.
These advancements are reshaping industries such as air defense, as well as the MedTech and medical sectors, boosting productivity, bridging skill gaps, and revolutionizing healthcare. In this evolving landscape, investors might want to consider strong robotics stocks that are driving this transformation: RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>), Stryker Corporation (<a href="https://stocknews.com/stock/SYK/">SYK</a>), and Medtronic plc (<a href="https://stocknews.com/stock/MDT/">MDT</a>).
The robotics revolution is reshaping air defense, leveraging AI in soldier training, aerial vehicles (UAVs), and logistics to boost combat effectiveness and cybersecurity. With enhanced drones, autonomous systems, and EMP tech, modern defense becomes more agile, boosting optimism in the robotics sector. The global robotics market is set to grow at a 14.7% CAGR, reaching <a href="https://www.precedenceresearch.com/robotics-technology-market">$283.19 billion by 2032</a>.
Furthermore, robotics is transforming healthcare by enabling precise surgeries, speeding diagnoses, enhancing mobility, supporting rehabilitation, and increasing accessibility through telemedicine. These innovations boost patient care and market growth. As a result, this year, the global medical service robotics market reached $11.2 billion and is expected to grow to nearly <a href="https://www.statista.com/forecasts/1321270/worldwide-medical-robotics-market-size#:~:text=In%202024%2C%20the%20global%20medical,billion%20U.S.%20dollars%20by%202028.">$21 billion by 2028</a>.
Considering these trends, let's assess the fundamentals of the abovementioned robotics stocks.
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.
On October 15, 2024, RTX's Raytheon achieved full-rate production approval for its SM-3 Block IIA missile, marking a key milestone in its missile defense partnership with Japan.
On October 10, 2024, RTX's Raytheon was awarded a $736 million U.S. Navy contract to produce AIM-9X Sidewinder missiles, enhancing short-range missile defense capabilities.
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 98.4% higher than the 6.55% industry average. Likewise, its 3.28% trailing-12-month Capex / Sales is 13.3% higher than the 2.89% 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 ended September 30, 2024, to increase 7.1% and 47.2% year-over-year to $1.34 and $19.82 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. The stock has gained 70.2% over the past year to close the last trading session at $125.75.
RTX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong fundamentals. 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 #19 out of 73 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. To see RTX's Value, Stability, and Quality ratings, <a href="https://stocknews.com/stock/RTX/">click here</a>.
Stryker Corporation (<a href="https://stocknews.com/stock/SYK/">SYK</a>)
SYK operates as a medical technology company. The company operates through two segments: MedSurg and Neurotechnology, and Orthopaedics and Spine.
On October 1, 2024, SYK completed the acquisition of Vertos Medical, enhancing its non-surgical interventional pain management solutions for chronic lower back pain.
Andy Pierce, Group President of MedSurg and Neurotechnology, at SYK, said, "The acquisition of Vertos Medical enhances our unique, non-surgical solutions for interventionalists addressing chronic lower back pain, while broadening our presence in ambulatory surgery centers."
On August 17, 2024, SYK completed its acquisition of care.ai, expanding its healthcare IT offerings with AI-assisted virtual care and smart room technology solutions.
In terms of the trailing-12-month EBIT margin, SYK's 20.71% is 679.3% higher than the 2.66% industry average. Similarly, its 0.56x trailing-12-month asset turnover ratio is 35.9% higher than the 0.41x industry average. Moreover, its 10.29% trailing-12-month levered FCF margin is 639.8% higher than the 1.39% industry average.
In the second quarter that ended on June 30, 2024, SYK's net sales increased 8.5% year-over-year to $5.42 billion. Likewise, its adjusted gross profit grew 9.1% from the year-ago value to $3.48 billion.
SYK's adjusted operating income was $1.33 billion, an increase of 9.7% from the previous year's period. In addition, the company's net earnings and adjusted EPS amounted to $1.09 billion and $2.81, up 11.2% and 10.6% year-over-year, respectively.
For the quarter ended September 30, 2024, SYK's EPS and revenue are expected to increase 12.7% and 9.5% year-over-year to $2.77 and $5.37 billion, respectively. SYK surpassed consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 33.8% to close the last trading session at $359.73.
SYK's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
SYK has a B grade for Growth, Stability, and Sentiment. It is ranked #30 out of 135 stocks in the <a href="https://stocknews.com/category/medical-devices-equipment/">Medical - Devices &amp; Equipment</a> industry. <a href="https://stocknews.com/stock/SYK/">Click here</a> to access additional ratings of SYK for Value, Momentum, and Quality.
Medtronic plc (<a href="https://stocknews.com/stock/MDT/">MDT</a>)
Headquartered in Dublin, Ireland, Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiovascular Portfolio, Neuroscience Portfolio, Medical Surgical Portfolio, and The Diabetes Operating Unit segment.
On September 25, 2024, MDT announced the commercial launch of new technologies in its AiBLE spine surgery ecosystem, including software, hardware, and imaging advancements. The company also unveiled a partnership with Siemens Healthineers to integrate advanced imaging solutions for spine care.
On August 7, 2024, MDT announced FDA approval of its Simplera continuous glucose monitor (CGM) and a global partnership with Abbott to expand CGM offerings for diabetes management. This partnership will integrate Abbott's CGM technology with MDT's insulin delivery systems.
In terms of the trailing-12-month gross profit margin, MDT's 65.52% is 13.6% higher than the 57.66% industry average. Its 27.67% trailing-12-month EBITDA margin is 338.3% higher than the 6.31% industry average. Likewise, the stock's 19.57% trailing-12-month EBIT margin is 636.4% higher than the 2.66% industry average.
MDT's net sales for its first quarter ended July 26, 2024, increased 2.8% from the prior-year period to $7.92 billion. The company's non-GAAP operating profit grew 2.3% over the prior-year quarter to $1.95 billion. In addition, its attributable net income rose 31.7% from the year-ago value to $1.04 billion, and its non-GAAP EPS stood at $1.23, up 2.5% year-over-year.
Analysts expect MDT's revenue for the quarter ending October 31, 2024, to increase 3.7% year-over-year to $8.28 billion. Its EPS for the quarter ending January 31, 2025, is expected to grow 5.5% year-over-year to $1.37. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 23.3% to close the last trading session at $89.79.
MDT's POWR Ratings reflect robust prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked #16 in the Medical - Devices &amp; Equipment industry. It has a B grade for Stability and Sentiment. <a href="https://stocknews.com/stock/MDT/">Click here</a> to see MDT's Growth, Value, Momentum, and Quality ratings.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
RTX shares were trading at $126.03 per share on Friday afternoon, up $0.28 (+0.22%). Year-to-date, RTX has gained 52.49%, versus a 24.08% 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-syk-mdt-3-robotics-stocks-powering-the-automation-revolution/>3 Robotics Stocks Powering the Automation Revolution</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Robotics Stocks Powering the Automation Revolution

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The industrial sector is well-positioned for solid growth and expansion, propelled by technological advancements, the robotics revolution, and diversified demand. Thus, quality industrial automation stocks RTX Corporation (RTX), Siemens Aktiengesellschaft (SIEGY), and Eaton Corporation (ETN) could be ideal buys for the robot revolution. Read on... The industrial market, which encompasses various sub-segments like manufacturing, machinery, and more, is poised for continued expansion, with encouraging factors such as demand for automation, technological innovation, robot revolution, and growing investments in infrastructure.
Given the industry's tailwinds, it could be wise to invest in fundamentally sound industrial automation stocks RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>), Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>), and Eaton Corporation plc (<a href="https://stocknews.com/stock/ETN/">ETN</a>) for substantial returns.
The robotics revolution is leading industrial automation, influenced by groundbreaking innovations in AI, machine learning (ML), the Internet of Things (IoT), collaborative robots, and the significance of autonomous systems. Whether it is machinery, defense, or manufacturing, robotics is marking new milestones and advancing the operations of the fields.
With its expanding scope, the number of innovations in the robotics market is expected to increase further, which will result in an expansion of industrial operations. Robots are increasingly being utilized to improve productivity and minimize labor costs, especially in segments like machinery and manufacturing. The global robotics market is expected to grow to $134.64 billion by 2031 at a <a href="https://www.skyquestt.com/report/robotics-market#:~:text=Robotics%20Market%20Insights,period%20(2024%2D2031).">CAGR of 16.6%</a>.
Further, as technological advancements in the industrial machinery industry are rapidly increasing with IoT, AI, and robotics, supported by increasing demand for automation and modernization of production processes, the market is flourishing. The global industrial machinery market is projected to achieve a market size of $1.04 trillion by 2032, growing at a <a href="https://www.acumenresearchandconsulting.com/industrial-machinery-market">CAGR of 5.3%</a>.
Besides, the Aerospace and Defense market is expected to see strong growth in the coming year, poised to exhibit growth at a <a href="https://www.thebusinessresearchcompany.com/report/aerospace-defense-global-market-report#:~:text=Aerospace%20And%20Defense%20Market%20Size,(CAGR)%20of%2011.5%25.">CAGR of 5.8%</a>, resulting in a market value of $1.23 trillion by 2028, fueled by government support, automation, and advancements, and rising military modernization programs.
Given the industry's solid prospects, investing in fundamentally strong industrial automation stocks RTX, SIEGY, and ETN could be wise.
Let's discuss the fundamentals of these stocks in detail:
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. The company operates through three segments: Collins Aerospace; Pratt &amp; Whitney; and Raytheon.
On October 23, RTX's business, Raytheon, was awarded $676 million to continue manufacturing the tube-launched, optically-tracked, wireless-guided TOW&#xAE; weapon system for the U.S. Army. The two separate awards consist of an annual production contract for $430 million in fiscal year 2023 and an additional $246 million award in 2024.
On October 15, 2024, RTX's Raytheon attained full-rate production approval for its SM-3 Block IIA missile, marking a key milestone in its missile defense partnership with Japan.
During the third quarter that ended September 30, 2024, RTX's net sales increased 49.2% year-over-year to $20.09 billion. The company's adjusted <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> grew 11.3% from the year-ago value to $2.48 billion. Adjusted net income attributable to common shareowners and adjusted EPS rose 6.9% and 16% from the prior year's quarter to $1.95 billion and $1.45, respectively.
In addition, the company's total assets came in at $164.82 billion as of September 30, 2024, compared to $161.87 billion as of December 31, 2023.
Street expects RTX's revenue for the fourth quarter (ending December 2024) to increase 3.4% year-over-year to $20.60 billion. The company's EPS for the same quarter is expected to grow 6.6% year-over-year to $1.38. Moreover, the company topped the consensus EPS and revenue estimates in all four trailing quarters, which is impressive.
Shares of RTX have surged 17.3% over the past six months and 44.6% over the past year to close the last trading session at $118.75.
RTX's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
RTX has a B grade for Momentum, Sentiment, and Growth. It is ranked #10 out of 72 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry.
In addition to the POWR Ratings we've stated above, we also have RTX ratings for Value, Quality, and Stability. Get all RTX ratings <a href="https://stocknews.com/stock/RTX/">here</a>.
Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>)
Headquartered in Munich, Germany, SIEGY is a technology company that emphasizes the areas of automation and digitalization worldwide. The company operates in Digital Industries; Smart Infrastructure; Mobility; Siemens Healthineers; and Siemens Financial Services (SFS) segments.
On October 30, SIEGY signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market. The strategic acquisition will strengthen SIEGY's leadership in industrial software and AI and will create the world's most complete AI-powered design and simulation portfolio.
On October 24, SIEGY and Microsoft partnered to revolutionize industrial automation. Through strategic collaboration, the companies reinvented the Siemens Industrial Copilot, enabling it to handle the most demanding environments at scale.
They have combined SIEGY's unique domain know-how across industries with Microsoft Azure OpenAI Service, the Copilot further improves handling of rigorous requirements in manufacturing and automation.
For the third quarter that ended June 30, 2024, SIEGY's revenue grew 4.2% year-over-year to €18.90 billion ($20.48 billion). The company's gross profit rose 9% year-over-year to €7.75 billion ($8.39 billion). Its income from continuing operations came in at €2.16 billion ($2.34 billion), up 55.7% from the prior year's quarter.
In addition, the company's net income and EPS came in at €2.13 billion ($2.31 billion) and €2.48, up 48.1% and 56% from the year-ago value, respectively. Its EBITDA from continuing operations of €3.43 billion ($3.71 billion), indicating growth of 36.3% year-over-year.
Analysts expect SIEGY's revenue and EPS for the first quarter (ending December 2024) to increase 4.1% and 60.9% year-over-year to $20.65 billion and $2.61, respectively. Furthermore, the company has surpassed the consensus EPS estimates in each of the trailing four quarters.
SIEGY's stock has gained 4.8% over the past six months and 47.4% over the past year to close the last trading session at $98.05.
SIEGY's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has a B grade for Stability and Value. SIEGY is ranked #3 among 34 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry.
<a href="https://stocknews.com/stock/SIEGY/">Click here</a> to access other SIEGY's ratings for Growth, Quality, Sentiment, and Momentum.
Eaton Corporation plc (<a href="https://stocknews.com/stock/ETN/">ETN</a>)
Based in Dublin, Ireland, ETN operates as a power management company globally. The company operates in Electrical Americas and Electrical Global segment; Aerospace segment; Vehicle segment; and eMobility segment.
On October 23, ETN announced that it would be working with Miami-Dade Transportation &amp; Public Works to help it update the electrical system supporting its Metromover mass transit system, which carried more than 6.5 million riders in 2023. The project is part of Miami-Dade County's broader $153 million initiative to expand and upgrade the reliability of its automated train network.
On October 10, ETN collaborated with Lunar Energy to simplify the installation and maximize the functionality of home energy storage and solar systems. The integration of ETN's new AbleEdgeTM smart breakers with the Lunar System will make it easier for installers and homeowners to deploy solar and storage, manage loads, optimize costs, and extend the life of the solar battery system.
In the third quarter that ended September 30, 2024, ETN's total net sales increased 7.9% year-over-year to $6.34 billion, while its total segment operating profit rose 11.4% from the prior year's period to $1.54 billion. Furthermore, the company's adjusted earnings came in at $1.13 billion and $2.84 per share, reflecting increases of 13.9% and 15% year-over-year, respectively.
As per the company's updated guidance, the company expects adjusted EPS between $2.78 and $2.84 for the fourth quarter of 2024.
Also, ETN's adjusted EPS is expected to be between $10.75 and $10.81, up 18% at the midpoint over the previous year for the full year 2024.
Street expects ETN's revenue for the fourth quarter (ending December 2024) to increase 7.1% year-over-year to $6.39 billion. The company's EPS for the ongoing quarter is expected to grow 10.3% year-over-year to $2.81. In addition, the company has surpassed the consensus EPS estimates in all of the trailing four quarters.
Over the past six months, the stock has gained 7.4% and 55.9% over the past year to close the last trading session at $334.06.
ETN's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Quality and Sentiment. Within the A-rated <a href="https://stocknews.com/category/industrial-machinery/">Industrial - Machinery</a> industry, ETN is ranked #29 in the list of 79 stocks.
<a href="https://stocknews.com/stock/ETN/">Click here</a> to access additional ratings of ETN for Growth, Value, Momentum, and Stability.
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:
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<hr />
RTX shares were trading at $118.02 per share on Monday afternoon, down $0.73 (-0.61%). Year-to-date, RTX has gained 42.80%, versus a 21.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/rtx-siegy-etn-3-industrial-automation-stocks-to-buy-for-the-robot-revolution/>3 Industrial Automation Stocks to Buy for the Robot Revolution</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Industrial Automation Stocks to Buy for the Robot Revolution

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