Raytheon Technologies Corporation (RTX)

Congressman Rutherford bought $15,000 of $RTX.

He also advocated for battling of the invasion of Ukraine.

He was not the only politicians to buy war stocks before the invasion.

Great news overnight for Dow companies that get these federal defense contracts.
"The National Defense Authorization Act, the annual must-pass legislation that sets the policy agenda and authorizes almost $770 billion in funding for the Department of Defense, passed in the House of Representatives on Tuesday night."

https://www.cnn.com/2021/12/07/politics/house-votes-ndaa-national-defense-authorization-act/index.html

$BA $VZ $LMT $RTX $GE

Yes, it must all go down! Really...because apparently customers are going to stop buying IPhones $AAPL because there is a war in Russia. And they are going to stop consuming other products that use semiconductors $NVDA, $AMAT even though earnings showed that those companies continue to make more money than anyone expected. Customers are not going to continue paying high prices for these things with inflation. No, sir! Even though inflation means that they'll earn higher salaries to be able to afford these items.

No, what we are going to consume a lot of is fuel! Yes, gasoline and so it needs to go up because there is a war in Russia. So our brand new Teslas ($TSLA) are going to stay in the garage while we drive fuel vehicles because it is more fun that way.

And companies who are going to do well in this economy with war and high interest rates and high inflation are those that need to borrow money. Not the ones that show healthy cash flow like $AAPL, $TSLA, $NVDA, $AMAT, etc.

Never mind the fact that this war is not going to need military planes, helicopters, etc because $RTX and $BA will not do well either.

Oh boy! This is going to hell now that Hedge Funds control the market. And I don't mean our portfolios, I mean the whole economy. Hedge Funds and us all going down a slippery slope. No economy, no money needed so don't stress. We are going to pay for everything with crypto, which doesn't have any value, so you just create a few more when you need.

Our economy can not work like the Fed and it's balance sheet...that's the problem!

No wonder Charlie Munger looked so confused and stressed yesterday!

He stressed the point that America is not like Japan. It won't work for us.

Notable High Call %

$MLCO 98.3% call
$HL 96.7% call
$HIG 96.2% call
$NGAC 96.0% call
$BGCP 95.4% call
$SIL 95.3% call
$SSRM 95.3% call
$UA 94.6% call
$PSAC 94.5% call
$GSAH 93.7% call
$FNKO 93.5% call
$ON 93.3% call
$YUM 92.3% call
$RTX 91.8% call
$KWEB 91.6% call

REUTERS — Taiwan reports new incursion by Chinese jets into defence zone.

In the latest incident, Taiwan’s Defence Ministry said four Chinese J-16 and four J-10 fighters were involved, as well as an early warning plane and anti-submarine aircraft, the latter of which flew to the south of Taiwan through the Bashi Channel that connects the Pacific to the South China Sea.

$LMT $BA $RTX $GE

@MadMoneyOnCNBC
·
45m
Tonight’s lineup:
$SIG 💎
$PLUG 🔌
$RTX 📡

See you at 6p EST with
@jimcramer on @cnbc