Top 5 Stock Picks of Charles Clough’s Clough Capital Partners

1. Raytheon Technologies Corporation (NYSE:RTX)

Clough Capital Partners Stake: $63,043,000 

Percentage of Clough Capital Partners’ Portfolio: 7.82%

Number of Hedge Fund Holders: 45

Raytheon Technologies Corporation (NYSE:RTX) is a supplier of aerospace and defense equipment. Clough Capital Partners stake in Raytheon Technologies Corporation (NYSE:RTX) amounted to over $63 million at the end of Q2 2022. The fund continued to add to its stake during the second quarter, increasing its holding by 44%.

Raytheon Technologies Corporation (NYSE:RTX) had a good Q2 2022, reporting revenue of $16.3 billion, up 2.7%, and a normalized EPS of $1.16, beating the market estimate by $0.05. The management noted that inflation, labor shortages, and supply chain constraints pose challenges in the near-term for the company. On October 4, 2022, Raytheon Technologies Corporation (NYSE:RTX) entered into a $225 million contract with the Naval Air Systems Command.

Here is what Carillon Tower Advisers had to say about Raytheon Technologies Corporation (NYSE:RTX) in its first-quarter 2022 investor letter:

Raytheon (NYSE:RTX) outperformed along with other defense contractors on rising geopolitical concerns. Military sales account for more than half of revenue. Key franchise programs include the Patriot Missile and F-35 engine, which have provided visible support through most of the decade.

You can also take a look at 10 American Stocks That Will Benefit from the New Cold War and Long-Term Stock Portfolio: 11 Tech Stocks To Consider.

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