Carrier is a ‘deliciously not sexy’ action for investors – .


CNBC’s Jim Cramer recommended Carrier’s stock on Thursday, telling investors that industries like climate control offer a lot of value, although they receive little attention.
Carrier is a heating, ventilation and air conditioning company that emerged from United Technologies over a year ago.

The stock rose nearly 5% to $ 53.94 on Thursday after posting lower second-quarter earnings.

“We spend a lot of time focusing on exciting businesses… but you know it’s often easier to make money with boring businesses like Carrier,” said the host of “Mad Money”.

“Heating, ventilating and air conditioning is one of the most boring activities in the world, so it was a great reminder that you can always make a lot of money by being boring. “

Cramer has pitted Carrier against the high-profile stock trading app Robinhood that was released earlier today with much fanfare, although the action failed to gain traction.

Shares of Robinhood, the favorite brokerage of millennials, fell more than 8% in its first session. After being valued at $ 38 in the public offering, the stock closed at less than $ 35, giving the company a valuation of $ 29 billion.

Carrier, which went public under the radar in March 2020 at the start of the pandemic, more than quadrupled in value on Thursday.

“The most exciting thing that has happened at Carrier this year is that they have helped provide refrigeration for the vaccines, and that suits me. Unlike Robinhood, Carrier isn’t deliciously sexy, ”Cramer said.

“I think companies like Carrier are what you should be thinking about. They represent incredible value, especially now that it looks like Congress is on the verge of agreeing on a trillion dollar infrastructure bill at a time when we already have GDP growth of 6%, ”he said.

“The same goes for equally cheap cyclicals. You need a Nucor in your wallet, it’s the best steelmaker in its class. “


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