RTX Corporation (RTX)

[bar1080]

"Jumped into commercial sector" Explain. I'm not aware of any significant post-CV moves by RTX. The Collin's acquisition dates back a long time and has military connections. The two spinoffs have done wonderfully, especially Carrier which has nearly doubled.

[buby89]

And yet down she goes..... they jumped into commercial sector with commercial airline stuff well knowing what was coming.

[bar1080]

"Raytheon Technologies (RTX) beats – The defense contractor earned a second-quarter profit of 40 cents per share, well above the 12 cents a share consensus estimate. Revenue also beat analysts’ projections. Raytheon said its performance was impacted by challenges in commercial aerospace."

[Taurus69]

$rtx $57.85 v -1.55 (-2.61%)
Volume: 8,443,335 @07/30/20 2:27:05 PM EDT

[fung_derf]

I almost bought some RTX recently. Glad I waited.

[bar1080]

Raytheon continues to lag while spinoffs Carrier and Otis outperform.

Buffett absolutely adores Bank of America as he continues to add to his big stake in it.

[TFMG]

$RTX | #RaytheonTech Trade Setup

Possible long into earnings with the 200ma as a possible target. Stop loss below the 100ma

[Taurus69]

$rtx $61.0 v -0.09 (-0.15%)
Volume: 13,108,176 @07/28/20 6:11:23 PM EDT

[Taurus69]

$rtx $63.12 v -0.51 (-0.80%)
Volume: 6,043,279 @07/23/20 7:52:27 PM EDT

[Taurus69]

$rtx $62.2 v -0.17 (-0.27%)
Volume: 10,791,418 @07/17/20 7:57:10 PM EDT

[Taurus69]

$rtx $62.94 ^ 2.47 (4.08%)
Volume: 9,033,190 @07/15/20 7:10:24 PM EDT

[fung_derf]

It has done well. Although many have lately. It's lunacy I tell ya!

[bar1080]

Carrier has been my best stock since it arrived in April.

[Taurus69]

$rtx $59.53 ^ 0.18 (0.30%)
Volume: 3,394,053 @07/14/20 1:11:26 PM EDT

[fung_derf]

$48.05-$53.30 on 4/3. $74.93 was the peak on 6/8

[bar1080]

Yahoo shows RTX around $49.90 on 4/3/20. That's when the spinoffs were happening. Not sure why I had $60 in my notes for that day. It did hit $60 a few days later.

RTX peaked at about $74 on June 8.

https://finance.yahoo.com/quote/RTX/history?p=RTX

[fung_derf]

I show I received mine on 4/3 at $51 and change. I sold too soon for a small profit.
I haven't done the math to see how the whole conversion has worked out, but I do RTX chart looks like a break down. OTIS looks decent and CARR has done well.

[bar1080]

I received RTX at $60 on April 3, 2020. My OTIS spinoff is up about 16% since then. All three pay dividends. Carrier has been a spectacular gainer.

[fung_derf]

True, but shouldn't you also add that you've lost that much in RTX at the same time?

[bar1080]

RTX Spinoff CARRier at new high, $25. Cool!

[legendary status]

A legendary US defense company for $58 bucks a share.. with a 3% + dividend. Its buy time imo

[Taurus69]

$rtx $61.01 ? 0.0 (0.00%)
Volume: 9,307,116 @07/08/20 7:26:04 PM EDT

[Taurus69]

$rtx $61.06 v -0.66 (-1.07%)

[bar1080]

RTX spinoff Carrier Global Corporation (NYSE: CARR) announced today that its Board of Directors declared a dividend of $0.08 per outstanding share of Carrier common stock, payable on July 20, 2020, to shareowners of record at the close of business on June 26, 2020.

https://www.prnewswire.com/news-releases/carrier-board-of-directors-declares-quarterly-dividend-301073958.html

[Taurus69]

$rtx $65.37 ^ 2.52 (4.01%)

[fung_derf]

He does it merely to annoy me and IHUB supports it. How odd is that? He follows me to every board and admin says everyone has the right to be annoying on IHUB.

[buby89]

Lol so true. All this person does is state the stock price which is available everywhere

[fung_derf]

There MUST be an award somewhere for most useless poster

[Taurus69]

$rtx $72.07 ^ 4.56 (6.75%)
Volume: 14,203,101 @06/05/20 7:58:36 PM EDT

[Taurus69]

$rtx $72.07

[fung_derf]

Yeah, resistance on RTX is around $74 per share. Many stocks are currently hitting resistance. Another reason I'm so quick to take profits these days.

Too early for me to have an opinion on CARR.

[bar1080]

New high for Raytheon and especially Carrier which rose 60% since it was spunoff two months ago!

Apparently CARR has held off paying a dividend in order to focus on paying down its high debt. Carrier will almost undoubtedly begin paying regular dividends in a few months.

Why is CARR soaring? Apparently because Mister Market adores air quality and filtration in the age of CV.

[Taurus69]

$rtx $66.65

[Taurus69]

$rtx $64.47

[fung_derf]

Sure. If you've got somewhere to store it.

[Taurus69]

$rtx $60.0

[Butchmass]

Oil futures might not be a bad move either. More and more people will start driving soon for work or pleasure. Demand for gasoline will be there. Then will come the demand for heating oil in October-April ish.

[Taurus69]

$rtx $57.94

[fung_derf]

If you're buying diamonds, better to buy smaller, but better quality. Top quality always holds its value.
FWIW, my Grandfather was a jeweler.

[bar1080]

We discussed diamonds a few years ago.

I considered investing in diamonds briefly around 1980. Rejected doing it. They're excellent for smuggling wealth across borders, but they fall short in many ways. Quality standards are subjective. Big spreads. Easy to buy but hard to sell. Popular in US but not in many other countries. Price used to be controlled by Debeers. Synthetic diamonds getting better all the time.

When I was in law school I read an article about investing in Scotch whisky, which was briefly a hot thing, like wine and now vodka. A few years ago every doctor was building a wine cellar. Some of the rarest collectible wines were counterfeits.

You never want to invest like a doctor!

[fung_derf]

during the Depression, my Grandfather put all his money into diamonds and came out well. Maybe that's the answer.

[bar1080]

Well cash t'ain't bad, especially with deflation breaking out. "Cash in the mattress" was great in the 1930s when the cost of living plummeted and about 15% of banks failed.

[fung_derf]

well that sure didn't take long to get below $48. I really can't decide if hold cash is the best idea right now.

[bar1080]

RTX would be near the top of my buy list. Current yield 3.35% if that holds. I'm certainly not expecting a real recovery soon.

[fung_derf]

Yep. Still time to buy back in if I wanted to. I might. I think I can get it under $48 this week.

[bar1080]

Just noticed OTIS declared its first dividend a week ago:

"FARMINGTON, Conn., May 6, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.20 per share of Otis' common stock. The dividend will be payable on June 10, 2020, to shareholders of record at the close of business on May 22, 2020." That's about 1.6% yield.

https://finance.yahoo.com/news/otis-declares-quarterly-dividend-0-000000428.html

[fung_derf]

Looks like I bought on 4/3 so didn't qualify for it. Thought I would.

[bar1080]

Both CARRier and OTIS showed up in the April brokerage statement I got a few days ago. Letters dated April 3 said I would get one share of Carrier for each of my UTX shares and 1/2 share of OTIS for each UTX share. Previously I got a fairly large amount of cash too.

Spinoffs can be annoying, especially the ATT ones from the 1980s Bell breakup. But they can be quite profitable if held long-term. Studies have shown that spinoffs often outperform the S&P and the firms they were spun off from.

Both spinoffs are quite sizable: OTIS $22 billion market cap. Carrier is $16 billion. Both should pay dividends, but I don't believe the amounts have been announced quite yet.

[fung_derf]

What was the date you had to be a shareholder? I notice I didn't get any spinoffs. Probably just as well as selling off pieces is more of a hassle.

[bar1080]

RTX spinoff Carrier up 12% today, record high, as 1Q results were released.

https://seekingalpha.com/article/4345015-carrier-global-corporation-2020-q1-results-earnings-call-presentation