Today, we’re highlighting a company that’s fueling some of the hottest trends right now…
Regular readers know we like investing in companies that sell “picks and shovels.” These businesses provide vital tools and services that support larger trends… which means they’ll profit no matter who performs well in the industry. Today’s company shows the benefits of this model…
TE Connectivity (TEL) is a $50 billion industrial tech leader. It makes in-demand tech like antennas, wiring and cables, fiber optics, and sensors. The recent surge in popularity for electric cars and cloud-based technology has helped TE Connectivity thrive… In the third quarter, the company posted record-high net sales of $3.8 billion, up 51% year over year. It projects net sales of nearly $15 billion for the full year.
As you can see in today’s chart, TEL shares are rising. They’re up roughly 60% over the past year… And they just hit a new all-time high. As long as electric-car makers and cloud-based companies use TE Connectivity’s technology, this uptrend should continue…
'Invisible' AI Stock poised to be NVDA of 2025 [sponsor]
It's clear there are powerful headwinds for NVDA in 2025. The world's biggest hedge fund is selling their shares and Amazon's Jeff Bezos is investing millions into a new Nvidia rival... Analysts on and off Wall Street say to load up on THIS ticker instead.
Source: Daily Wealth’s Market Notes