RTX, AMZN, AAPL: Stock Picks After S&P 500 Earnings Recession

The S&P 500 earnings recession is clearly over, notes Dryden Pence. He discusses the takeaways from 3Q earnings season as more than 90% of S&P 500 companies have reported earnings. He talks about how the equal weight S&P 500 has a forward P/E of 16.5, which is very much in line with 2010-19 averages. He believes that the Fed will skip again in December. He then goes over what we’re learned from this week’s economic data. He also looks at his stock pick RTX (RTX). He highlights that its valuation is appealing given investor reaction on metal contamination on Pratt and Whitney GTF engine. He also likes Amazon (AMZN) and Apple (AAPL). Tune in to find out more about the stock market today.