TE Connectivity (TEL)

This indirectly plays EV car growth, which is slow now, but long term will increase. TEL makes sensors and even gas-powered cars need more sensors. US business has slowed by TEL, but most of their growth comes from China. They have many clients. Also, data centres need their sensors and there are more and more centres. Despite a weaker topline, their margins and productivity are improving

His entry in the car market. Connectors in combustion engines, more in hybrids, and even more in full electric. Likes this exposure better than having to bet on one car company. Also makes highly engineered connectors for data centres, seeing substantial growth with AI craze and cloud computing strength. Yield is 1.8%.

Its sensors are a good way to play AI. A car like TSLA has 8x the sensors as a traditional car. Massive operating leverage. 

A better way to play the EV trade than traditional car companies. Better business economics, benefits from the same trend, better free cashflow, total return will be significantly higher.

EVs need more connectors, so this trend is beneficial. Pulled back last year. Increased auto production will benefit them. As earnings grow, stock price should increase.

Electric components business.
45% of business in auto industry (expecting major growth soon).
Will continue to hold. 
EV adoption continues to rise which will require electric components. 
Order delays hard on company with recession fears.