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The defense contractor could get a boost from the need to replenish stockpiles.
In this video, I will use my simplified six-step framework for stock valuation to determine whether Raytheon (RTX -0.29%) stock is an excellent defensive stock to buy right now.
*Stock prices used were the afternoon prices of Dec. 18, 2022. The video was published on Dec. 20, 2022.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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