United Technologies: The Bull Case Remains Intact
- United Technologies reported better-than-expected Q3 2018 operating results, and management again raised its full-year guidance.
- UTX has a bull case that keeps getting stronger.
- I am long UTX, and I plan to build my position in this industrial conglomerate.
United Technologies ($UTX) may not be in the news a lot, but this is definitely a company that has a lot going on. The industrial conglomerate is in the process of acquiring Rockwell Collins (COL) and, more recently, the company launched the final bidding process for the potential sale of its approximately $3B safety and security business.
While the company does not get much attention from the financial media, UTX shares have performed pretty much in line with the broader market so far in 2018.
Looking ahead, however, I believe that UTX shares will likely outperform the market because it is well-positioned for 2019 and beyond. Additionally, the company's most recent operating results show that the bull case remains intact.
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