RTX Corp. Revenues Soar 49.2% and Beat Estimates

RTX Corp. Revenues Soar 49.2% and Beat Estimates

The combination of record defense backlogs, strong international demand, and improving aerospace performance positions RTX Corp. for substantial growth. The defense segment’s $90 billion backlog demonstrates exceptional momentum in one of its core operations.

Meanwhile the commercial aerospace division benefits from robust aftermarket demand and increasing… Read More

Spinoffs & Takeovers Hotline – Friday, November 1, 2024

FASTENAL COMPANY, $78.23, symbol FAST on Nasdaq, is a leading wholesale distributor of industrial and construction supplies. It draws almost all its clients from the construction and manufacturing industries.

Those construction customers include general, electrical, plumbing, sheet-metal, and road contractors. In manufacturing, Fastenal sells to original-equipment… Read More

Medical spinoffs down but not out

These three medical products makers (including Kenvue, see box) have struggled as independent firms. While all three have solid prospects, embecta is the only one we see as a buy right now.
EMBECTA CORP. $16 is a spinoff buy. The company (Nasdaq symbol EMBC; Manufacturing & Industry sector;… Read More