Jim Cramer Discusses These 10 Stocks, The Fed Chair & Lower AI Costs

6. RTX Corporation (NYSE:RTX)

Number of Hedge Fund Holders In Q3 2024: 72

RTX Corporation (NYSE:RTX) is an American defense contractor that makes and sells products such as missiles, aircraft engines, and other products. As the demand for its products has boomed in 2024 due to conflicts in Europe and the Middle East, RTX Corporation (NYSE:RTX)’s shares have gained 38.9% over the past year. Cramer’s comments covered the firm’s latest earnings report which saw it post a 9% revenue growth and beat analyst revenue and EPS estimates. RTX Corporation (NYSE:RTX)’s stock jumped by 2.6% during the day of the earnings, and here’s what Cramer said:

“What a pleasure it is to just have a purely good quarter, David. 11% organic sales growth, 15% commercial aftermarket. 10% commercial operating. And then 10% defense. They’re making money in defense, cybersecurity. And what I think, just to throw in a little, I know you love it when you hear what people are talking about President Trump and companies. President Trump wants a domestic Iron Dome. And, uh, Israel’s smaller than the United States. Just a, kind of, throw it in there. I mean it reminds me of like, do you have to have an intercontinental ballistic missile system like we had in the 70s. That was the talk against the Soviets. Margin expansion everywhere. And David it is true that they do a huge amount of business in the Middle East. Monster. And when Israel has to replenish, you should be thinking of Raytheon. When the European continent wants to protect itself against Russia, you have to be thinking that’s their orders too. And obviously they’re working with DOGE. Everybody’s working with DOGE.”