We are buying 75 shares of Dover at about $180. Following the trade. Jim Cramer’s Charitable Trust will own 250 shares of Dover, increasing its stake in the portfolio to about 1.4% from about 1%. Dover shares were roughly unchanged this week, falling along with many other industries on concerns about the health of manufacturing after the release of soft PMI numbers on Monday. We see this weakness as an opportunity to make our next Dover purchase while we slowly roll out this position, which we initiated on May 28. Although parts of industrial activity are certainly being affected by the Federal Reserve’s longer-term higher interest rate policy, group-wide concerns represent a buying opportunity at Dover because the company has several business lines that are growing much faster than the economy. wider. This moment will be held due to the exposure to several mega-themes. The company has a role in building the data center to support the growth of artificial intelligence computing. Dover makes thermal bonds used in liquid cooling of data centers, a process that is growing in popularity due to AI. It also manufactures heat exchangers, which are used in data centers, HVAC systems and other industrial markets that require higher energy efficiency. Dover’s exposure to the healthcare industry is also promising. Specifically, its biopharmaceutical components business is finally making an impact as customers work to ease excess inventory and biotech financing improves — similar dynamics brightening the outlook for the club’s namesake, Danaher. Dover’s products in this area include flow control valves and ultrasonic sensors. Its CO2 systems business is also benefiting from the regulatory tailwinds that are driving the shift to natural refrigerants in the food retail market. We appreciate the way Dover’s management has managed the company’s portfolio, divesting non-core businesses with less attractive growth profiles and using those sale proceeds to make ongoing acquisitions in more attractive spaces become less cyclical. The Illinois-based industry is also a Dividend Aristocrat, having increased its quarterly payout to investors for 68 consecutive years. (Jim Cramer’s Charitable Trust is long DOV. See here for a full list of stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a share in his charitable trust portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY ALONG WITH OUR STATEMENT. NO OBLIGATION OR FIDUCIARY DUTIES EXIST, OR ARE CREATED BY VIRTUE OF YOUR RECEIVING ANY INFORMATION DIRECTED IN CONNECTION WITH THE INVESTOR CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
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