Trump Stocks to Watch: Raytheon (RTN)
YTD Gains: 8.9%
52-Week Performance: 26.2%
Price Target: $168.67
Though Raytheon Company (NYSE:RTN) is best known as the world’s largest missile maker, the company’s biggest strength lies in making sophisticated electronics systems that do everything from directing artillery to routing aircraft. RTN is a huge player in missile defense systems such as Iron Dome that protects Israel and has capabilities in growth areas such as civilian air traffic control and cyber security.
Like LMT, however, RTN is in Wall Street’s penalty box for a fourth-quarter earnings miss and a lackluster 2017 earnings outlook.
Verdict: This is the one major defense contractor worth buying. Think of it this way; the U.S. military depends on RTN to fight our enemies and protect our allies.