7 Air Conditioner Stocks For This Summer's Infernal Heat Wave
Portfolio Pulse from Natan Ponieman
The global air conditioning market is expected to grow at a compound annual growth rate of 6.2% from 2022 to 2028, reaching a value of $172.48 billion by 2028, driven by rising temperatures and worsening air quality. The Asia Pacific region, followed by North America and Europe, will be the main contributors to this growth. Several US-based air conditioner stocks have seen price increases over the past month, including Carrier Global Corp (NYSE:CARR), Whirlpool Corporation (NYSE:WHR), and Emerson Electric Co (NYSE:EMR).
July 18, 2023 | 6:57 pm
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POSITIVE IMPACT
Carrier Global Corp's stock price has increased by 15.5% over the past month. The company is set to acquire Germany-based Viessmann Climate Solutions, positioning it to advance in the European market.
The acquisition of Viessmann Climate Solutions will allow Carrier Global Corp to expand its market presence in Europe, potentially leading to increased revenues and a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Emerson Electric Co's stock price has increased by 5.4% over the past month. The company's third-quarter results are expected in early August.
The increase in Emerson Electric Co's stock price indicates positive investor sentiment. The upcoming release of its third-quarter results could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Whirlpool Corporation's stock price has increased by 4.7% over the past month. The company's second-quarter results are due on July 24.
The increase in Whirlpool Corporation's stock price indicates positive investor sentiment. The upcoming release of its second-quarter results could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100