Jim Cramer Highlights RTX as His Top Defense Stock with Positive Outlook on ARM Holdings and Energy Transfer

Wednesday, 28 August 2024, 05:07

RTX is highlighted by Jim Cramer as his favorite defense stock, showcasing strong market potential. Cramer expresses optimism about ARM Holdings and Energy Transfer's recovery trajectory. This article delves into Cramer's insights and market forecasts for these stocks.
Benzinga
Jim Cramer Highlights RTX as His Top Defense Stock with Positive Outlook on ARM Holdings and Energy Transfer

RTX: The Leading Defense Stock

Jim Cramer has named RTX as his favorite defense stock, emphasizing its strong fundamentals and potential in the evolving defense sector. Cramer believes that the growth prospects for RTX are substantial, especially given the current geopolitical climate.

Focus on Semiconductor Giants

ARM Holdings (NASDAQ:ARM) also caught Cramer's attention for its accelerating business and recent upgrade from Bernstein, which raised its price target significantly. The semiconductor sector is poised for expansion, making this stock a valuable consideration for investors.

Cramer’s Recommendations

  • Energy Transfer (NYSE:ET) – Cramer appreciates the recovery trajectory of this energy company.
  • Paychex (NASDAQ:PAYX) – Recommended for its consistent performance and potential growth.

For detailed analyses of these recommendations, keep a close eye on Cramer's insights in future broadcasts.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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