Jim Cramer Highlights RTX as a Play on Rising Defense Spending

RTX Corporation (NYSE:RTX) is one of the stocks Jim Cramer picked for his fantasy stock portfolio. Cramer compared the stock with Detroit Lions running back Jahmyr Gibbs, as he remarked:

“How about some other running backs? Remember, we’re looking for industrials that have exposure to secular growth drivers. So what about RTX, which is the old United Technologies’ aerospace business? It’s been merged with the old Raytheon. Aerospace and defense are both working here with Trump’s bill, including a trillion dollars of defense spending. Maybe we should say war spending… Call it the Department of War instead of the Department of Defense. What’s the NFL’s analog for RTX? Let’s go with Detroit Lions running back, Jahmyr Gibbs… RTX has two growth themes.”

RTX Corporation (NYSE:RTX) supplies aerospace and defense technologies, including aircraft engines, avionics, interiors, and mission systems, as well as defense solutions for threat detection and mitigation. Moreover, it provides aftermarket services and support for commercial and military customers worldwide.

While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.