RTX

larger backlog of orders for defense contractors such as Raytheon, Boeing, Lockheed, and Northrop, which leads to increased production, and therefore increased revenue and free cash flow for these companies.

I looked at RTX, which is still having a good year with a gain of about 10%, but we saw it fall by about 5% this week, and 10% overall from its recent all-time highs . So I looked at something upward. Implied volatility levels are low, and the technically-based Relative Strength Index is reaching the low thirties, possibly indicating an oversold situation at this point.

Raytheon informed investors of a surge in orders for its products, especially from international customers. Raytheon secured nearly $20 billion in awards during its most recently completed quarter with international demand remaining exceeding $10 billion for the first half of the year, more than doubling from the same time last year.

And of course, that comes as no surprise as the war in Iran continues and partners of the United States in the region have depleted their munitions. United States, there's been rumors that it is also depleting its munitions. Then you have the Russian war in Ukraine and all of these increasing geopolitical tensions with countries feeling less safe than they did is resulting in increasing demand for Raytheon's products.