Jim Cramer - Mad MoneyCarrier Global Corporation CARRBUY ON WEAKNESSOct 21, 2020
Watch for a pullback in the DIY Bull market leading up to the Nov. 3 vote: It was recently spun out by United Techologies. Best know for making air conditioners. Home appliances like this are enjoying the current stay-at-home, home improvement trend.
It is in the HVAC business and heat pumps are the European answer to energy costs. The market likes its acquisition. It looks a little rich but is good for a 3 to 5 year hold.
Demand for air-conditioning not going away. Stable business model. Likes sector due to defensive attributes. "Picks & shovels" style business - correlated to housing market.
Leader in heating and ventilation business. Global warming will be good for business. Cyclical business. Would buy if markets start to recover. Recent M&A good for business.
Honeywell vs. Carrier for HVAC investment HVAC is recurring, so kind of defensive. She owns neither, but Carrier offers direct exposure to HVACs. She likes Honeywell, a more diversified industrial. Are well-managed. She likes their aerospace exposure as international travel resumes. Overall, she prefers Honeywell.
Watch for a pullback in the DIY Bull market leading up to the Nov. 3 vote: It was recently spun out by United Techologies. Best know for making air conditioners. Home appliances like this are enjoying the current stay-at-home, home improvement trend.