Revisiting 2 Summer Heat Wave Stocks

How do they rate now? Published By Money & Markets, LLC. July 26, 2024 Published By Money & Markets, LLC. July 26, 2024 [Turn Your Images On] Editor's Note: In today's Money & Markets Daily, we're revisiting two stocks Managing Editor Chad Stone featured during last summer's heat wave. We're still dealing with record temps around the world, so let's see how these stocks rate now… [Turn Your Images On] From The Desk of Chad Stone Managing Editor, [Money & Markets Daily]( Revisiting 2 Summer Heat Wave Stocks Money & Markets Daily, After living in South Florida for over 10 years, I’ve developed ground rules to survive the blistering summer heat as best I can: - Start early. If you want to do something outside, get up and get out. - Channel your inner camel and drink tons of water. - Invest in sun hats and a good reflective sun umbrella. I’ll trade looking goofy for not being cooked alive. - Get your A/C serviced before it’s too late. (I learned this one the hard way!) With these guidelines, I’ve managed to find a sweaty summer groove. Speaking of sweat … this is setting up to be the most punishing summer ever. The world [just recorded]( its hottest day on average, and scientists expect it to only get worse as global warming and the El Niño weather phenomenon converge. (2024 Update: Yep, it's still brutal out there. On Monday, The European climate service reported the hottest day ever on record, with temperatures averaging 62.87 F. And that record was broken the next day!) And that’s got me thinking about ways to use Adam O’Dell’s Green Zone Power Ratings system to find stocks that could benefit during the heat wave and beyond. So find some shade and read on… --------------------------------------------------------------- [Apple's Secret Software Update]( [Turn Your Images On]( Apple has been quietly working on a revolutionary new technology. This technology — codename “MM1” could send TRILLIONS of fresh dollars rushing into the economy. And Chief Investment Strategist Adam O’Dell has identified [one tiny company]( that could be at the center of Apple's new world-shifting device. [Click here right now to get the full details.]( --------------------------------------------------------------- A Cool Start What better place to start than one of America’s largest heating and air conditioning companies, and one that’s headquartered right up the road from me: Carrier Global Corp. (NYSE: CARR). But if you’re looking to crush the market with an HVAC stock, CARR is a pass, according to Green Zone Power Ratings. [Turn Your Images On] Carrier stock rates a “Bearish" 25 out of 100 in Adam’s system. Bearish stocks are expected to underperform the broader market over the next 12 months. When I [reported on]( this stock last year, it was "Neutral." It has gained 19% since last July, but that's in line with the broader S&P 500's gain of 18% over the same time. Now, its Value rating has sunk to 13 after investors have bid up CARR’s price beyond its true value. Growth is looking weaker as well. Revenue is up, according to its June earnings report. But that's alongside double-digit declines in net income, diluted EPS and net profit margins. A hot summer could help CARR stock, but there are better stocks out there, according to Green Zone Power Ratings. Let’s move further south to find a stock for the summer heat wave. --------------------------------------------------------------- [Is Apple Plotting to Kill Its iPhone?]( Rumors are swirling about Apple's secret AI lab. Now, insiders hint that an AI-powered device could render today’s iPhone obsolete. Codenamed MM1, [this project]( has the potential to disrupt the smartphone industry. With Apple scooping up $1.6 TRILLION in iPhone sales since its launch… Will YOU be in position for what Apple’s “next big thing”? [Click here now to see all the details.]( --------------------------------------------------------------- This HVAC Stock Is Still Bullish When I started my research, Watsco Inc. (NYSE: WSO), a Miami-based HVAC and refrigeration distributor, was not the first stock on my list. Our chief research analyst, Matt Clark, [wrote about]( WSO back in 2022 when it appeared on his Green Zone Power Ratings scan. Its ratings have declined slightly, but WSO is still in the "Bullish" zone of Adam's system. [Turn Your Images On] With a rating of 74 out of 100, Watsco stock is expected to outperform the broader market by 2X over the next year. WSO's Quality (97) is unchanged from a year ago. Growth has declined slightly to 74, but that's still solid. That means it’s bringing in revenues and maintaining a strong balance sheet to support its stock price. But I want to focus on Watsco’s Momentum (94) and Volatility (68). Over the last year, WSO has steadily gained 31%, and its "Bullish" rating points to more outperformance from here.  More proof that Green Zone Power Ratings works! Until next time, Chad Stone Managing Editor, [Money & Markets Daily]( --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [THIS HOMEBUILDER IS EXECUTING MAXIMUM MOMENTUM]( - ["HISTORY REPEATING:" IS THIS 1968 ALL OVER AGAIN?]( - [Y2K 2.0 (CYBERSECURITY MELTDOWN 2024)]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. 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