Your Top Pick for 2022

It’s not even the fourth quarter of 2021…

But I already know my top pick for 2022.

It’s been one of my best picks in Trade of the Day Plus, and today, I’d like to share it with you.

The pick is Carrier Global Corp. (NYSE: CARR).

Going into 2022, I think it’s poised for a ton more upside.

As a brief company description, Carrier provides HVAC (heating, ventilating and air conditioning), refrigeration, fire, security and building automation technologies worldwide.

The company operates in three segments:

  • HVAC
  • Refrigeration
  • Fire & Security.

The HVAC segment caters to the heating and cooling needs of residential and commercial customers, providing air conditioners, heating systems, controls and aftermarket components.

The Refrigeration segment offers refrigeration and monitoring systems for trucks, trailers, shipping containers, intermodal and rail, and it also offers commercial refrigeration solutions, such as refrigerated cabinets and freezers.

The Fire & Security segment provides fire, flame, gas, smoke and carbon monoxide detection; portable fire extinguishers; fire suppression systems; access control systems; and video management systems.

When you think about the upside triggers for Carrier, you’ll see that it has major tailwinds going in its favor…

First, as people return to offices, schools and hospitals, it’s clear that air quality will now be facing a major replacement cycle – which means upgrading ventilation systems. Carrier is perfectly positioned to benefit from this trend.

As support, a study by the Harvard School of Public Health concluded that indoor air quality is good not only for people’s health and safety but also for a company’s bottom line – through increased productivity, fewer sick days and better cognitive function. This was the first time on a global scale that a new research study had concluded that healthy buildings with enhanced ventilation can improve the cognitive function and health of occupants, which (to me) says that ventilation and filtration are now preeminent healthy building strategies.

Second, you have global warming, which continues to produce hotter and hotter days. According to NASA, last year was the hottest year on record – and this makes the case for upgrading air conditioning systems. Once again, Carrier is perfectly positioned to benefit from this trend.

And third, the growing threat of wildfires (particularly in California) make air quality even more notifiable – which, again, benefits Carrier.

 

Action Plan: Carrier has three major catalysts working for it, which will only get stronger. As we head into 2022, I’m already ready to call this my top pick. The stock is buyable anywhere under $60 per share.

Do you want to get notified of my top picks every Wednesday after markets close? Carrier was already one of them. This summer, my members rang the register twice on the stock for double-digit gains. As you read above, I still think it’s a strong buy. And now you’re invited to “level up” your membership – and join Trade of the Day Plus! Our next pick drops this Wednesday – so lock in your membership now and you’ll get our latest pick delivered straight to your inbox.