23.12.2024 10:20:00
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Meet the High-Tech Construction Stock That's Already a 100-Bagger and Is Poised To Beat the Market in 2025
If you're looking for high-powered growth stocks, you're first instinct is probably to look in the tech sector. That makes sense. After all, the "Magnificent Seven" stocks all hail from the tech sector, and all have delivered monster returns on their way to $1 trillion-plus valuations.However, there have been consistent winners in other sectors, and one lesser-known stock that has dominated over its history. That's Trane Technologies (NYSE: TT), a leader in HVAC and refrigeration systems. The company calls itself a global climate innovator, and climate change and related demographic trends have been a meaningful tailwind for the company.The company, which was formerly known as Ingersoll-Rand, has been a consistent market beater. Year-to-date through Dec. 20, the stock is up 55%, and it's returned more than 10,000% since 1988, dating back to its time as Ingersoll-Rand. That makes the stock a 100-bagger, meaning it's turned $1,000 into $100,000 over that time. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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