The Best Stocks for the Rest of Trump’s Term: Raytheon (RTN)
The 59 Tomahawk missiles President Trump ordered to be fired at chemical weapons targets in Syria? They were made by defense contractor Raytheon Company (NYSE:RTN).
And they’ll all have to be replaced/replenished by the Navy.
OK, the new ones the Navy needs to replace the ones used won’t make or break the company. Though the Tomahawks cost about a million bucks apiece, Raytheon is a $45 billion company that does $24 billion in annual sales.
That’s not the point. The point — and the purpose of putting RTN on a short list of the best stocks to buy for at least the next three-plus years — is that Trump has made it clear he’s not afraid to use military hardware, regardless of the cost. The “mother of all bombs” (MOAB) dropped on the cave system in Afghanistan cost $170,000, and with U.S. ships headed toward North Korea, who knows what’s next?