How To Earn $500 A Month From RTX As Stock Tanks Over Recall
Portfolio Pulse from AJ Fabino
Shares of Rtx Corp (NYSE:RTX) fell nearly 8% after the company announced a profit cut of up to $3.5 billion due to the recall of 600 to 700 Pratt engines over the next three years. The recall is due to issues with the powder metal used in certain engine parts. This recall is adding to the ongoing engine scarcity affecting Airbus SE (OTC:EADSY) and Boeing Co (NYSE:BA). Despite the profit cut, RTX's dividend yield of 3.05% could potentially provide an income stream for investors.
September 11, 2023 | 7:26 pm
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NEGATIVE IMPACT
Boeing could be affected by RTX's engine recall, which adds to the ongoing engine scarcity.
RTX's engine recall could exacerbate the ongoing engine scarcity, which could negatively impact Boeing.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Airbus could be affected by RTX's engine recall, which adds to the ongoing engine scarcity.
RTX's engine recall could exacerbate the ongoing engine scarcity, which could negatively impact Airbus.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
RTX's stock price fell due to the announced profit cut and engine recall. However, its dividend yield could provide an income stream for investors.
The profit cut and engine recall are negative news that directly impact RTX's stock price. However, the company's dividend yield could provide a silver lining for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100