Stocks are trading lower this morning on more stimulus woes. This comes after a 6 session winning streak for the Dow and the S&P. Some analysts are calling this a much needed breather considering February’s surprising gains.
In the competitive space of alternative energy, it’s tough to say which companies will be around ten years from now. Today’s trade highlights a company that almost certainly will be, as a major supplier to the survivors.
Eaton (ETN) doesn’t generate power, and it’s not a pure play on green energy like some of the other best “Biden stocks.” But, as a major supplier of electrical components and systems, it is absolutely an indirect play on this fast-growing industry, and one that is likely to thrive irrespective of the inevitable booms and busts we’ll see in the coming years. The wind and solar farms popping up around the country need to be incorporated into the national grid, and that’s precisely what Eaton does.
The global transformer market is highly lucrative and predicted to witness significant growth at a healthy 6.28% CAGR over the forecast period (2019-2026), According to a Market Research Future (MRFR) report.
Eaton is a power management company with a 109-year history. It has been listed on the NYSE for 97 years and has paid a dividend every year since 1923. That’s remarkable consistency in an industry that has gone through incredible changes over the past century, and that’s a major selling point of this stock. Currently the stock yields 2.45%.
Many of the high-flying stocks in alternative energy might or might not be around a decade from now. This is still very much the wild west. But Eaton almost certainly will be, supplying the survivors with power systems and software and integrating them into the grid.
Where to invest $1,000 right now...
Before you consider buying Eaton, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Eaton.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
“BTC: $50k” + 4 Cryptos to Buy Right Now
Bitcoin Pioneer, Charlie Shrem reveals 4 cheap cryptos set to explode as BTC hits all-time highs.[Full Story…]