Up 60% in 2021, This Red-Hot Stock Has Room to Run
Building controls and heating, ventilation, and air conditioning (HVAC) company Johnson Controls (NYSE: JCI) will hold its investor day on Sept. 8. But investors don't have to wait for this event to understand how exciting the stock is to invest in. The company's recent third-quarter 2021 earnings highlighted its long-term potential to benefit from corporate commitments to reduce carbon emissions. It all adds up to a highly attractive stock for long-term investors. Here's the lowdown.
Two overarching factors characterized the recent earnings season. First, many industrial companies reported strengthening sales trends (in line with an improving economy), but they also reported rising raw material costs and supply chain difficulties that added to costs. Thus, the critical question is whether the company saw enough sales growth to offset cost pressures on its earnings growth.
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Source Fool.com