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…
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The Department of Energy say it could power America for millions of years. And both grizzled oilmen and clean energy supporters love it: Energy Secretary Chris Wright called it "an awesome resource," while Warren Buffett, Jeff Bezos, Mark Zuckerberg, and Bill Gates are all directly invested. Here's the name of the company at the heart of it all.
Source: Daily Wealth’s Market Notes
