Raytheon has large growth potential
Trump's plan for military is currently in progress. With his plan growing, so are the potential for defense companies such as Raytheon. Raytheon is a defense contractor that specializes in parts for military use. Trump plans to use them to accomplish his goal. Recently, Raytheon shot up when the air strike in Syria took place. If you look at the stock during the time the airstrike occurred, the stock increased by a great amount. In the future, such events could affect this stock. Raytheon shows great fundamentals too. Company revenue has been increasing consistently by about $1 million per year. Furthermore, the PEG Ratio is a little bit below one suggesting that it s slightly undervalued. Overall, this company has great potential and it is a good buy.
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