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RTX trade ideas

$RTX Ready for Flat Base Breakout?NYSE:RTX Well Fargo upgraded RTX yesterday and give it a $120 price target. I used this morning’s early pullback to get an early start on this one. It will not be a technical breakout until it moves over 92.81. My plan is to build an oversized position after it breaks out of this flat base. I will be patient but have a stop of no more than 3% loss. On another note, in the first 20 minutes of trading the volume was already 28% of the daily average. See notes on the chart for more detail. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NYSE:RTXLong
by jaxdog
Stocks pairs trading: BA vs RTXExploring the financial indicators and market behaviors of Boeing Co. (BA) and Raytheon Technologies Corporation (RTX) offers crucial insights for investors looking to optimize their portfolio in the aerospace and defense sector. This analysis illuminates the distinct characteristics of these companies, guiding investors toward strategic decisions that resonate with their investment objectives. Reasons to Consider Buying BA Over RTX: Valuation and Earnings Potential: BA's forward P/E of 22.83, despite its current negative earnings, points towards a significant turnaround expectation by analysts, with an anticipated EPS next year of $7.88. This suggests optimism about BA's future profitability and recovery potential, making it an attractive bet for long-term investors. Market Recovery and Growth Prospects: BA's performance metrics, such as an EPS improvement this year of 163.09% and an expected EPS growth next year of 114.88%, signal strong recovery potential and growth prospects. These indicators suggest BA is on a path to overcoming its current challenges and may offer substantial returns as the aviation and aerospace sectors rebound. Strategic Market Position: Despite its recent performance downturn, BA remains a key player in the aerospace industry with a broad portfolio of commercial and defense products. Its significant market cap of $109.73B and strategic initiatives aimed at overcoming its current hurdles highlight its potential for a strong comeback and future growth. Reasons to Consider Selling RTX: Relative Valuation Concerns: RTX's current P/E of 41.75 and forward P/E of 15.18, combined with its EPS growth next year of 14.13%, reflect a relatively balanced outlook but may not offer the same level of undervaluation or turnaround potential as BA. This suggests that RTX, while stable, might not provide the same upside potential as BA in the near term. Market Performance and Sentiment: Although RTX has shown a positive performance with a quarter growth of 14.17% and a half-year performance of 23.30%, its year-to-date performance is overshadowed by BA's potential for a significant rebound. RTX's steadier, but potentially slower growth trajectory might not appeal to investors seeking more aggressive growth opportunities. Sector Dynamics and Diversification: RTX, with its diversified presence in the aerospace and defense sectors, faces different challenges and opportunities than BA. While diversification provides stability, BA's focused recovery and growth strategies in the wake of recent setbacks could present a more compelling growth narrative to investors. Decision: Buy 1 BA: Given BA's significant growth prospects, expected recovery, and strategic importance in the aerospace sector, it emerges as a compelling buy. Its potential for rebound and future earnings growth, despite current challenges, offers a strong investment case for those looking for long-term value and recovery plays. Sell 2 RTX: While RTX presents a stable investment with solid fundamentals and a positive outlook, reallocating investments towards BA could provide a higher growth potential and capitalize on the recovery dynamics in the aerospace sector. RTX's performance, although commendable, may offer more modest returns compared to the potential upside in BA's stock as it recovers and regains its market position.
NYSE:RTX
by joyny
RTX update GapThis is my third RTX trade and the stock is finally starting to push again with a strong pivot. Stochastic RSI points upward and a bullish daily engulfing candle presents itself. I have averaged into april 19th 95$ calls over the past ten days for this setup. My price alerts are the white dashed, my most bullish target is the full gap closure on the dashed green (97$) -I will start to exit this position greater than 21 days from expiration if price is over 92$ -I had predicted the gap will close around May 24th if the market stays bullish
NYSE:RTXLong
by Apollo_21mil
1
RTX prepping another tradeI am looking to possibly enter another call setup on RTX soon with this consolidation within the second gap. I have successfully traded this stock with options twice in the last year. My setups tend to be longer-term swing trades. With this said the last gap took about 15 weeks to fill I believe this gap may take about as long if the spx remains strong. The defensive sector could be a protective bet in these markets where finding value is fairly challenging. -A strong non trend breaking OBV is bullish -A nice red weekly candle to enter for some price protection -Multiple tests at the current fib -Tons of support at 86$ for another averaging in zone -Id say 95$ calls into April for a 3 month setup, with a 6 month spread 100$ makes sense here to spread out the risk but capture different deltas and other greeks
NYSE:RTXLong
by Apollo_21mil
RTX second GAP tradeIf you have followed me since the beginning this was one of my first published GAP trades, I traded GAP 1 and it turned out really well. I would much rather hold calls on this than FTNT right now because if the market takes a downturn with impending conflict in the east I think RTX holds up. I am going to start layering calls here on this golden fib rejection, Id love to buy on a test of the 50EMA or around the green fib as well. Profit take 1 is marked with the dash green. I am still deciding on dates and strikes but about to enter a call spread.
NYSE:RTXLong
by Apollo_21mil
RTX has 2 Short-Levels I would jump inThe orange Fork projects the pull-back potential, which is the Center-Line. There are 3 short levels I see: 1. The primary is way up in the primary Sellers Zone. Although this would be the most profitable one, it has a caveat: Price would by then have broken the Trend Barrier (Dotted slanting Trendline). 2. The secondary Short lies the Secondary Short level, right where the GAP happend. Within this level is also a tiny bunching, where price was not able to overcome. As for the Oscillators, the MACD and Mansfield are pointing to a Down-Trend. Only the RSI seems to be oversold and is indicating a potential pullback, which is in essence the reason to look for a short. It's supported by the Buyers Zone, where price was picked up by the Bulls. Definitely a Chart that has it's place in my watch list. Happy day Tr8dingN3rds §8-)
NYSE:RTX
by Tr8dingN3rd
RAYTHEON Stock Chart Fibonacci Analysis 100923 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 69.4/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : C A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:RTX
by fibonacci6180
For War and Markets: Profits out of ConflictWhen I was a kid, my mom used to tell me: “Steve, if you wanna make money in this world, you can count on people for 5 things and 5 things alone. A) They will need food. B) They will need money to pay for said food. C) They will get sick. D) They will get angry. E) Then they will go to war. Work in an industry that tailors to one of those 5 things and you will be fine.” And this has proved to be the most true to true statement I have heard in a long time. The biggest industries in North America are Healthcare, Finance, Food and Military. Not to mention, in my lifetime of 30 ish years, I have seen 2 pandemics (COVID and Swin Flu), 1 pseudo-epidemic (SARS) and 4 wars (Afghanistan, Iraq, Ukraine and now Israel). That is a lot going on in 30 years honestly. Over this weekend, tensions rose in Israel and Israel is now at war. As such, aerospace and defence stocks are soaring (aside from BA of course), with LMT up roughly 8%, RTX 4%, Bombardier 2% and EADSY (airbus)… Well, its doing about as good as BA. Because I am such an aerospace and defence enthusiast, I thought this would be the perfect time to talk about war, defence, exports and how these stocks behave. Military Exports The United States is the largest exporter of military goods with an estimated 246.8 Million in Export Value. The leading companies in the US for military exports are Lockheed Martin ( NYSE:LMT ), Raytheon Technologies ( NYSE:RTX ), General Dynamics ( NYSE:GD ) and Northrop Grumman ( NYSE:NOC ). In 2020, direct military sales revenue constituted around $124.3 billion. The major exporters of those goods were NYSE:LMT , NYSE:RTX , NYSE:GD and $NOC. In contrast, Canada, who is considered in the top 15 countries for military exports, grossed about $2.8 billion in military sales in 2021, predominately non-artillery military weapons and vehicles. Canada’s biggest military exporter is Bombardier ( TSX:BBD.B ). Canada’s largest recipient countries include the U.K., Australia, South Korea and United Arab Emirates (UAE). Also, Canada exports a lot of military supplies to China, but sketchily doesn’t disclose this in their official reports that I referenced in researching this article, I was only able to find out about this by looking at Bombardier’s sales and fiscal reports, where it exported multiple military jets and aviation supplies to the People’s Liberation Army Air Force. Oh Canada, you SKETCHY! The largest recipients of US military supplies include Saudi Arabia (who is the largest consumer of both US and Canadian military supplies; also sketch, why you need so many military supplies Saudi Arabia? Whatcha’ll doin over there? Got some big plans I suspect.), Australia, South Korea, Japan and, of particular relevance, Israel. What does it matter? Well, it matters because these stocks tend to thrive and can actually prop markets up during times of war. Here are the 4 major military suppliers during the initial breakout of the War in Afghanistan: And at the breakout of the War in Iraq: And the invasion of Ukraine: And if we want to look at the Ukraine invasion overlaid with SPX: You can see the market took a tumble while these spiked, similar to the setup today. You will see that, for the most part, RTX tends to outdo the rest during times of conflict and war, except in the Ukraine instance where it kind of legged. So what gives? Well, its important to understand what each of these companies do and what they offer. Not all war and conflict is the same. During the Iraq war, the US used a lot of Ariel weapons, which is Raytheon’s speciality. The needs of Ukraine were mostly infantry and vehicle supplies at first, which is more General Dynamics area. But let’s go over, very briefly, what each of these companies provide in a general sense. This will help if you have an interest in investing: Raytheon NYSE:RTX Missile systems including missile guidance Electronic warfare systems Cyber security stems Radar Lockheed Martin NYSE:LMT Fighter jets and military helicopters Missile defense systems Space systems Artificial intelligence and quantum computing for military and defence applications (a very promising and key component for the future of ABM technology, or Anti-ballistic Missile technology). General Dynamics NYSE:GD Jets, Nuclear Powered Submarines, Arleigh Burke-class guided-missile destroyers, Abrams tanks Stryker Armoured fighting vehicles Northrop Grumman Corp NYSE:NOC Combat avionics Surveillance systems Computer systems Air combat systems Electronic warfare systems Battlefield management systems Ships and nuclear powered submarines Aircraft carriers Raytheon, General Dynamics and Northrop all have facilities and offices in both Canada and the US, which is why Canada ranks in the top 15 of military exports and why these 4 companies are the most major exporters of military supplies. Concluding remarks: So if you are in the market to profit from this Israeli situation (I know it sounds sick saying that but you know how life is), its important to look at the military needs of Israel and which company is likely going to serve it best. The reality is, all are going to do well because, while each company has its own niche, they complement each other. RTX guidance systems control LMT’s missiles which makes parts of GD’s aerial defence systems, etc. Inversely, you can just invest in AMEX:ITA (the aerospace and defence ETF) which has holdings in most of these companies. It has a leveraged share counterpart, AMEX:DFEN , which is something that I have just bought into today 😊. Anyway, that's it! Hopefully you found this information helpful. As always, safe trades everyone!
NYSE:RTX
by Steversteves
5
Raytheon will succeed in WW3Raytheon Technologies Corporation is in a wonderful position, and will likely benefit heavily in the coming years. They are a company with strong fundamentals, plenty of employees, and constant demand from the US military. Missile defense systems will be sought after for decades to come. Russian missiles have reportedly struck Poland today during a massive strike on Ukraine's infrastructure. US aid to Ukraine has reached over $5 billion, and does not seem to be stopping anytime soon. The attack will seemingly increase tensions between Russia and NATO, possibly leading to more sanctions or war. Raytheon has plenty of room to decrease in the short term, but I personally think it is a great long-term play. The small dividend allows for more growth, and the profits are rising. I could surely see it hitting $100 in 2023. This is in no way financial advice, I am not responsible for any losses taken. Invest at your own risk, this is an extremely volatile market.
NYSE:RTX
by ryanhm7
1
Gap swing on RTX w/strong risk-rewardRTX had an irrational sell off based on a potential 3 billion dollar cost on the recent engine problem with Pratt and Whitney. Meanwhile the stock which has been a key player for decades and lost over 20 billion in market cap in two enormous gaps. The stop-loss would be a 5% drawdown, and gap 1 a 15% upside gap 2 over 30% upside. Obviously the jet fuel play would be calls which is my preferred poison. RSI is down to 18 which is also obnoxious.
NYSE:RTXLong
by Apollo_21mil
$RTX $DFEN - Defense stocks will melt your face off Get ready for the ride of a lifetime on a Raytheon rocket exploding dollar bills all over your trading account. Massive dark pool buy in over 5 million last week. This one is good to buy and hold long term next 2 years. Why? We have a failing president with no support, and the best way to unite people is to start conflicts or wars that demand we stand together. There is no shortage of monetary support to ukraine. this last week they received more money than my home state of Hawaii did for our ravaged lands. Earnings were beat at RTX and they mentioned Ukraine about a half a dozen times. THey expect the conflict and the money to keep flowing.
NYSE:RTXLong
by GoldenCrowley
1
RTX Entry, Volume, Target, StopWhen price clears: 97.44 With above average daily volume. Target: 103.00 area Stop: Depending on your risk tolerance; 95.58 gets you 3/1 Risk/Reward This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:RTXLong
by tradepatiently
3
Raytheon - A Potential Earnings Pump To WatchEveryone wants to get rich quick. Because getting rich quick means you: a) Get rich b) Quick Then you can wear big ugly sunglasses, a crappy t-shirt, flipflops, sit on the beach, eat a lot of meat, drink a lot of alcohol, and be promiscuous with women. This is the modern human's dream, right? And so everyone loves to speculate on potential earnings pumps and dumps. There really is more to aim for in life. Raytheon is one of the U.S. Military Industrial Complex cornerstones and is more or less a weapons mill for the NATO proxy war in Ukraine, which is of note because of the recent escalations of the conflict and how it can affect the U.S. Petrodollar, and thus bonds, oil, gold, equities, everything. DXY - The US Petrdollar And The "Prigozhin Coup" In Russia Geopolitically, the conflict between China and the International Rules Based Order is heating up. The current edict is to "de-risk but not decouple" from China (notice they never say "from the Chinese Communist Party"?). In mid-June CEO Hayes was quoted by the propaganda machines as stating that decoupling from China was pretty much impossible because of all the parts and components that are manufactured in the mainland. What this means, if you ask me, is that going forward, certain companies are going to have a very hard time meeting their target EPS and revenue estimates. Raytheon may very well be one of them, as foreshadowed by a salvo of sanctions the Xi Jinping administration placed on them and Lockheed Martin. The situation in China is very volatile right now. The IRBO wants control of China when the CCP falls. Xi Jinping and the other nationalists want to make sure that outside forces do not steal the motherland. And so one day soon, we may find that Xi has thrown away the CCP in the middle of the U.S. night, and the markets will have themselves a series of consecutive red days like we've all never seen before. Xi can weaponize the crimes against humanity that the Party and the Jiang Zemin faction have committed in the persecution of Falun Gong that started on July 20, 1999, and use the truth to protect both himself and China. Organ harvesting and genocide of a group of 100 million spiritual cultivators with upright faith is certainly enough of a weapon to handle all the threats the motherland can be facing. So why do you care about this if you're trading Raytheon? Because a basic principle of markets is they go up when big money is selling and go down when big money is buying. Raytheon and other military companies ironically never really pumped following the QE recovery from the COVID pandemic dump. It wasn't until the Ukraine War began that Raytheon finally ran the highs. And then it retraced. That kind of retrace is actually really bullish and what bulls should want to see if they want their $145 billion~ company to become a $1.4 trillion company. But the problem with the theory is more manifest on the weekly charts: 31 weeks of ranging and no breakout is not bullish. And yet, after taking lows, it continues to recover. The most notable price swing is the $105 to $92 leg that just occurred. I feel that Raytheon has some fundamental hidden bearish divergences to it and this is why it has traded this way all along, with the ultimate purpose of selling a lot high, and then selling it all above the all time high. This hidden divergence, I think, is that U.S.-based companies may find themselves cut off from the Chinese supply chain in the very near future. Only to tip all the bulls on their backs like stranded turtles and then dump and dump and dump and dump and not come back. So I believe that with the setup at hand, the catalyst is actually the July earnings. But if you look back at previous earnings, Raytheon doesn't have major pumps. It can go a bit and then it will run after. Implied volatility on options for the July 28 expiry are only 20%, slightly higher than the 17% average. But before we get there, I expect we're going to see prices return to the $92-93 range and give the best buying opportunity. The catalyst for this, I believe, will simply be market-wide correction, which I outline in the following two posts: Nasdaq - The Great Bear Trap And SPX/ES - An Analysis Of The 'JPM Collar' In summary, there will be a shakeout in equities that will probably not be long lived, even if it's violent. And after that, things will make their final run up, many of which will set new highs or new 52W highs, etc. What's left for the remainder of 2023 and the start of 2024 doesn't look like it's going to be very pleasant, to speak frankly. So make sure if you see Raytheon at a new high, you don't go getting ahead of yourself, longing the top.
NYSE:RTXLong
by LordWrymouth
1