RTX Corporation (RTX) Could Benefit From Greater Missile Demand, Says Jim Cramer

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In this article, we are going to take a look at where RTX Corporation (NYSE:RTX) stands against other stocks that Jim Cramer discusses.RTX Corporation (NYSE:RTX) is one of the biggest defense contractors in America. The firm’s shares have gained 19% year-to-date after recovering from a massive 9.8% dip in May after it warned about a $850 million tariff hit. RTX Corporation (NYSE:RTX) has benefited from a potential agreement between the US and EU which could see Europe increase its defense spending and buy products from the firm, particularly for use in the Russia-Ukraine war. Cramer also discussed  in this context:“And I think the EU may end up lining up with the President, cause he’s the President and the next thing you know we have a deal and we’re now providing missiles and RTX is a solid buy. And these big tech stocks will not be taxed. . .”In a previous appearance, the CNBC host had also analyzed RTX Corporation (NYSE:RTX)’s latest financial results in detail after they were released. Comparing the figures to GE’s, he commented:“As with GE, RTX had a solid earnings beat for the first quarter and unlike GE, they were able to pair that with a solid revenue beat. Also, like GE, RTX reiterated its full-year forecast, but there was a catch. The company said explicitly that their outlook did not incorporate the impact of the recently enacted tariffs. Did not. Now, there’s a world of difference between these two forecasts, then. Reiterating your guidance without baking into the tariffs is a de facto guide down. On the conference call, management went into detail about the impact of tariffs. They’re talking about a potential $850 million hit to profits from the tariffs already in place.RTX Corporation (RTX) Could Benefit From Greater Missile Demand, Says Jim CramerOverall, RTX ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,001.98 +62.68 (+1.06%)Dow 3042,807.77 +488.03 (+1.15%)Nasdaq19,524.28 +225.83 (+1.17%)Russell 20002,122.69 +25.34 (+1.21%)VIX17.35 -1.13 (-6.11%)Gold3,340.70 -34.40 (-1.02%)PortfolioSign in to access your portfolioSign inTop gainersAPLD Applied Digital Corporation 15.01 +2.24 (+17.54%)QXO QXO, Inc. 19.02 +2.26 (+13.46%)MANU Manchester United plc 15.45 +1.61 (+11.63%)QBTS D-Wave Quantum Inc. 18.04 +1.61 (+9.80%)RIOT Riot Platforms, Inc. 9.81 +0.82 (+9.17%)Top losersLULU lululemon athletica inc. 263.86 -66.92 (-20.23%)DOCU DocuSign, Inc. 75.28 -17.62 (-18.97%)BRZE Braze, Inc. 30.67 -5.43 (-15.06%)ABM ABM Industries Incorporated 46.63 -4.60 (-8.98%)SATS EchoStar Corporation 17.70 -1.33 (-6.99%)Most activeAPLD Applied Digital Corporation 15.01 +2.24 (+17.54%)TSLA Tesla, Inc. 296.45 +11.75 (+4.13%)NVDA NVIDIA Corporation 141.82 +1.82 (+1.30%)LCID Lucid Group, Inc. 2.1499 +0.0199 (+0.93%)PLTR Palantir Technologies Inc. 123.90 +3.99 (+3.33%)Earnings eventsTrending tickersTSLA Tesla, Inc. 297.30 +12.60 (+4.42%)LULU lululemon athletica inc. 264.93 -65.86 (-19.91%)DOCU DocuSign, Inc. 75.33 -17.57 (-18.91%)CRCL Circle Internet Group 99.59 +16.75 (+20.22%)AVGO Broadcom Inc. 250.77 -9.16 (-3.53%)Top economic events