RTX falls on good earnings and defense budget issues

25 Tem 2023

RTX is part of the boom defense sector thriving because of back orders created by

the Russian war against Ukraine. No matter good earnings it fell this week because

of the defense budget debate in Congress. No matter good intents to rein in the

defend spending escalation and spend in other areas such as social and infrastructure,

Russia has made the world more dangerous and national security of the US and its allies

trumps most spending except perhaps insterest on the national debt and paying the

holders of Treasuries. RTX dropped more than 10% from its tight consolidation range,

I see this dip as an excellent buying opportunity into a leader in the defense sector.

26 Tem 2023

İşlem aktif

Sideways price action albeit with decent trading volumes above the running mean. Accumulation before the recovery. Holding full position.

6 Nis

Not

Updated idea