From Yahoo Finance: 2025-05-20 09:22:00

ClearBridge Investments released its Q1 2025 investor letter, noting the S&P 500 Index decline of -4.3% due to a tariff war and tech sell-off. The strategy underperformed the benchmark but highlighted RTX Corporation, which saw a one-month return of 20.62%. Jim Cramer buys BlackRock, Inc., stating it’s a long-term buy.

RTX Corporation, an aerospace and defense company, gained 30.13% over 52 weeks, closing at $137.20 per share on May 19, 2025. ClearBridge’s Q1 2025 letter praised RTX and Northrop Grumman for margin expansion amid geopolitical tensions. The strategy underperformed the benchmark but highlighted RTX Corporation’s potential.

ClearBridge’s Q1 2025 letter discussed RTX Corporation’s performance and the shift away from fixed-price contracts in defense. While 80 hedge funds held RTX Corporation, ClearBridge sees AI stocks as more promising for higher returns. Jim Cramer’s thoughts on RTX Corporation and other stocks are covered in another article, emphasizing Longleaf Partners Fund’s performance.

Read more: RTX Corporation (RTX) Rose Due to Elevated Geopolitical Worries