Industrials for Stable Income: RTX & WM
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tech stocks recent downturn highlights the importance of diversification. Two industrial stocks stand out: RTX and WM. RTX, parent of Raytheon, manufactures missiles and jet engines, while WM operates the largest U.S. landfill network. Both offer stable dividends and growth potential. RTX yields 1.4% with room for military restocking, while WM has increased dividends for 23 years, using minimal earnings. Both have strong moats - RTXs defense contracts and engine maintenance, WMs regulated landfills. Wall Street values RTX at 27x earnings with 10% growth and WM at 28x with 11-12% gains. Diversifying into these industrials could stabilize portfolios amid tech volatility.
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