New RTX Price Target as Wartime Market Winners Emerge
Updates on RTX Corp, Halliburton and more as the U.S. and Israel prepare to restock amid strikes in Iran.
You're reading 0 of 1 free page.
Register to read more or Unlock Pro — 50% Off Ends Soon
As U.S. equity index futures show some geopolitical-related weakness on Monday morning, certain types of stock — namely defense contractors and energy stocks — are moving in the other direction.
The first name that I'd like to look at is a Sarge-folio name that is outperforming all of its peers ahead of the opening bell. That name would be RTX Corp (RTX) , or the old Raytheon Technologies.
RTX is the primary contractor behind the Patriot surface-to-air missile interceptor and anti-ballistic missile system. RTX is the name behind the U.S. Navy's on-board anti-air and anti-missile missile systems; RTX is the name behind the Tomahawk Land Attack Missile. RTX is also the primary contractor associated with the AIM-120 fifth-generation air-to-air missile, the AIM-9X Sidewinder air-to-air missile, Stinger person-portable air defense systems, Javelin anti-tank systems, and TOW anti-tank missiles. RTX also serves as a subcontractor on many other programs such as the provision of jet engines, weapons systems and avionics to the F-35 and other fighter craft.
Readers will see that the lead into the actions taken this weekend, forced the evolution of this daily chart of RTX from what had been a double-top pattern of bearish reversal into a basing period of consolidation, or flat base. The stock appears to be poised to break-out from that base with a $206 pivot on Monday morning after finding support at its 50-day SMA last week.
RTX had been the lead defense contractor in the Sarge-folio for most of 2025 and has often been the lone contractor. We are now up 77% on this position as this has been a gradual riser, unlike competitors such as Lockheed Martin (LMT) and Northrop Grumman (NOC) that struggled through most of 2025 and then went semi-parabolic in 2026. RTX is the only one of those three, in my opinion, that shows a definable technical breakout at this time. It's also, due to its market price, more retail-investor friendly.
Let's not forget that after this four-to-five-week operation runs its course, even if all goes according to plan, the Pentagon is going to have to restock, as will Israel and perhaps a number of allies.
RTX Corp (RTX)
Target Price: $247
Pivot: $206
Add: Down to 200-day SMA
Panic: Loss of 200-day SMA
There's More...
I'm also in two oil services stocks. We're not up as much there, just 21% in SLB Limited (SLB) and 18% in Halliburton (HAL) . They both have nice set-ups going at the moment.
SLB had also been developing what could have been a double-top pattern of bearish reversal. That pattern will likely fail on Monday morning when the stock makes a new 2026 high. That makes the $52.40 February 12 apex our new pivot.
SLB Limited (SLB)
Target Price: $62
Pivot: $52
Add: Down to 50-day SMA
Panic: Loss of 50-day SMA
Readers will see that HAL has pretty much colored within the lines of our Andrews' pitchfork model and has been pressed up against the rising upper trendline of the model as resistance. That is our pivot. That line currently stands at $36.
Halliburton (HAL)
Target Price: $43
Pivot: $36
Add: Down to 50-day SMA
Panic: Loss of 50-day SMA or central trendline
At the time of publication, Guilfoyle was long RTX, SLB and HAL equity.
