Brendan CaldwellCarrier Global Corporation CARRPAST TOP PICKSep 22, 2025

Any stock related to building data centres has been hammered including this. Recent quarter have been very mixed, partially from data centre worries and now tariff fears. Trades under 22x 2025's estimates. People misunderstand their story.

Reports Tuesday. They will talk about tariffs in China, not Mexico.

Not massive top line growth - however - excellent dividend growth and stock buybacks. High margins will increase profits on the bottom line. 

Buy this for the demand from data centres which need massive cooling. Places like the southern US need AC or else mold takes over a space.

It is in a classic up-trend. He doesn't see any resistance that will stop it so stay with it.

Their core heating and AC business has been more durable than many expected. Is up 25% this year so far, chasing more business from data centres and run by an excellent CEO. Their reported an okay quarter at the end of July with a mixed forecast, dragged down by an acquisition. but shares rallied on news of 30% organic orders growth, with 40-45% HVAC order growth from both residences and businesses. Data centres run hot and need cooling. Selling at 25x PE now, so not cheap. Will benefit from lower interest rates.

The CEO is doing such a great job, so don't sell it.

It hasn't grown much and there are better opportunities in the space. He owns A O Smith (AOS) for a building infrastructure play. It is good for growth in water filtration field and there is also growth in the India market.

It reports Tuesday. Trane just reported a positive surprise and he expects CARR to do the same.

Disagrees with some about their German acquisition, which he feels is solid. Buy some shares now and more at $45.

A fine infrastructure play. Buy some at $53, and more at $49

It is in the HVAC business and heat pumps are the European answer to energy costs. The market likes its acquisition. It looks a little rich but is good for a 3 to 5 year hold.

Demand for air-conditioning not going away.
Stable business model.
Likes sector due to defensive attributes.
"Picks & shovels" style business - correlated to housing market. 

Leader in heating and ventilation business.
Global warming will be good for business.
Cyclical business. 
Would buy if markets start to recover. 
Recent M&A good for business.