Jun. 12 at 7:13 PM
Is there anything flashier than the SpaceX
IPO?
Sure, who doesn’t like going to the moon and beyond? But if you’re looking for something a little more terrestrial, there’s one stock that investors are overlooking. Textron
is exactly that: a stealth play with solid technicals, fundamentals, and trading at a material discount to its defense peers.
Despite broader economic headwinds, Textron’s revenues and earnings have grown consistently. The maker of Bell Helicopters, Cessna jets, and even golf carts reporter a first quarter that beat consensus by more than 11%, and the shares rallied on the print — yet the stock now trades slightly cheaper than it did before the report, even as the S&P has marched higher. Despite demonstrable operational momentum, the street continues to price TXT like a broken business. Trading at just 13.7x forward earnings, it’s well below the five-year historical average of 18x.
$TXT $SPCX $SPY