These 2 Magnificent Stocks Keep Driving Higher
If you are an investor who believes in "buy high and sell higher," then it makes sense to look closely at nVent Electric (NYSE: NVT) and aerospace and defense supplier Moog (NYSE: MOG.A) (NYSE: MOG.B), two stocks that have significantly outperformed the S&P 500 over the last year and delivered excellent returns for investors. Both look like excellent buys for investors in the current environment.
I discussed nVent Electric at greater length late in 2022, and since then it's done pretty well, putting up a 13% gain. That said, now isn't the time to sell, because it remains an outstanding value stock. nVent offers electrical connection and protection products that are a necessary and regulatory requirement for electrical installations.
As such, it's a picks-and-shovels play on the "electrification of everything" megatrend. It encompasses growth industries such as industrial automation and digitization of the industrial sector, data centers, smart buildings/infrastructure, power, and renewable investment.
Source Fool.com
