RTX Is a Defensive Stock With Room to Grow

RTX (NYSE: RTX), best known for its defense business, also happens to be what's known as a defensive stock. The recession-resistant nature of the company's defense unit provides stability to earnings and dividends, making the stock defensive in nature.But stability is not just another way of saying "low growth." Over the past year, this stock has surged by 38% largely on enthusiasm for the strong growth it's generating, particularly from the company's commercial aerospace segment.Even better, further growth could be just around the corner. Unlike last quarter, where commercial business was the growth driver, future growth could be led by RTX's core defense business.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool