Aerospace and Analysts Favor United Technologies

With shares of United Technologies Corp. (NYSE:UTX) trading at around $85.43, is UTX an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

C = Catalyst for the Stock’s Movement

UTXAerospace is one of the hottest spaces right now. Demand is so high that it’s difficult for companies like United Technologies to keep up. This is an excellent sign, especially considering United Technologies is arguably the most reliable maker of aircraft parts. Another positive is a deal with Embraer. This deal will make United Technologies the only provider for Embraer’s future line of jets.

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Now let’s take a quick look at potential positives. Jim Cramer rated United Technologies a Buy. This isn’t the first time this has happened. He rated United Technologies a Buy in September of 2012, and it turned out to be a good call. He seems even more bullish now. Another potential positive is that Doug Ramsey of The Leuthold Group is calling for a return to 2007 high for the S&P. If he’s correct, then United Technologies will definitely benefit. However, opinions aren’t as important as numbers. Therefore, let’s take a look at some important numbers.