Raytheon was a “high conviction” buy expressed on the blog in August. The stock price is now up 20%+ following back-to-back strong quarterly earnings results.
Next year United Technology shareholders will vote on the merger with Raytheon. We expect this to proceed and anticipate further shareholder value to be unlocked in 2020.
Raytheon is listed on the New York Stock Exchange. If you would like Investor Signals to manage your international share portfolio, please call us on 1300 614 002.