From $30 billion to $3+ trillion in <2 years!

Join TradeAlgo's Free Live Trading Session ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, From $30 billion to $3+ trillion in <2 years! Nvidia’s market cap on October 3, 2022 was about $30 billion. Yesterday, it became the most valuable U.S. company by market cap at $3.34 trillion, surpassing Microsoft for the first time. The milestone was achieved in less than two years! (Source: MacroTrends) Nvidia jumped on several aggressive raises for the stock’s price target. Rosenblatt Securities analyst Hans Mosesmann boosted the target to $200 from $140. Analyst Beth Kindig of I/O Fund predicted Nvidia would be a $10 trillion stock by 2030. As long as the economy does well, the Nvidia mania continues to stay alive and well. New economic data: Yesterday, there were several new economic data. Industrial production grew in May, due to an increase in factory output. That was good, and there was a concerning data. Retail sales rose just 0.1% in May — just below the expectations. It was not adjusted for inflation. Previous months were revised lower. At the same time, retail sales actually improved from a downwardly revised 0.2% decline in April. Remember that consumer spending accounts for about two-thirds of all economic activity, so Wall Street is keeping close eyes on the health of consumers to gauge the economic health. Several Fed Reserve officials said yesterday that they need to see more cooling inflation data before they’d consider rate cuts. So, it will be critical for the economy to hold up while inflation keeps cooling down. This way, the Fed can cut rates before the economy gets too tightened. - “So far, the economy could pull off a soft landing, especially if the Fed is quick to adjust policy as conditions change,” said Jeffrey Roach at LPL Financial. As a reminder, the markets will be closed tomorrow in observance of Juneteenth. Housing starts and initial jobless claims will be released on Thursday. Lastly, existing home sales and Conference Board leading index are due on Friday. This 100-Year Old Sensor Company Is A Sneaky Bet On The EV & Logistics Megatrends Today’s Pick: Sensata Technologies Holding (ST) Very few companies last for 100 years. Sensata was founded in 1916. The company’s early businesses included circuit breakers for World War II aircraft, a line of business the company still operates to this day. How does a company stay operating for so long? By identifying seismic shifts and embedding themselves into an essential role through either invention or acquisition. They make sure they don’t miss out on key trends. Here are some examples… Megatrend #1: Electric Vehicles. The company offers sensors for traditional, gas-powered cars, but EVs offer even larger opportunities. Simply said, there are TONS of sensors inside EVs. As a result, the serviceable addressable market for the company is expected to double from 2020 to 2030. During its earnings call on April 29th, 2024, the company said electrification revenue soared from less than 3% of total Sensata revenue in 2019 to more than 17% in 2023! Moreover, electric vehicles worth 20% more to Sensata on a per-unit basis than gas-powered counterparts. (Source: Sensata) And it is not going to slow down. In 2023, EV penetration rates were 10% in North America, 15% in Europe and 36% in China. In just three years (by 2026) IHS forecast the penetration rate to almost double in all 3 of these regions with penetration rates of 24%, 31% and 60% for North America, Europe and China, respectively. And there are charging stations -- which also require a number of different sensors. Yep. Sensata is in that market, as well. Megatrend #2: Smart Logistics. Not content to put all of their eggs in just one world-shifting change, Sensata acquired Xirgo Technologies. Xirgo offers real-time tracking, heavy vehicle telematics, and analytics. The company expects this business to grow 20% a year for the foreseeable future. (Source: Sensata) Megatrend #3: Cloud-Based Analytics. Tying it all together, Sensata’s fleet management, diagnostics, and tracking software complement their light and heavy electric vehicle sensors perfectly (and offer recurring, high-margin revenue). Combined, the company offers a vertically integrated vision for the future of connected electric vehicles, as well as connected logistics tracking. (Source: Sensata) Bottom line: Sensata has leaned into multiple high-growth trends and expects to have good years ahead. It sees a 14% to 19% adjusted EPS growth through 2026 thanks to improving margins and lower leverage. (Source: Sensata) So, this is a good company to bet on. The growth rate is strong. It operates in fast-growing megatrends. Don’t let its age fool you — it is a good buy. [EARN WHILE YOU LEARN! 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