$Carrier Global Corporation(CARR)$
๐ ๐ ฑ๏ธ Uอ Lอ Lอ Iอ Sอ Hอ๐บ
๐๐จ CARR Revving Up for January Gains! ๐โ๏ธ
Iโm calling it: Carrier Global (CARR) is gearing up for a breakout move early January. This powerhouse in HVAC, refrigeration, and fire/security systems has a recipe for success that looks too good to miss.
Hereโs why Iโm excited:
โข Market Cap: $61.29B
โข Forward PE: 26.62
โข Dividend Yield: 1.11% ๐ฐ
CARR isnโt just your average stockโitโs the backbone of modern climate control, energy efficiency, and smart building automation. From keeping food fresh to controlling the air we breathe, this company is everywhere you look.
๐ My Chart Analysis:
The technicals are aligning beautifully. Iโm seeing a bounce off trendline support with near-term potential to hit $75+. Longer term, Iโm eyeing $82-$85 as momentum builds into mid-2024. This chart is sending all the right signals! ๐
The Catalyst?
Winter demand is ramping up, energy efficiency is trending globally, and infrastructure investments are heating up the sector. Combine that with CARRโs market leadership, and this could be the stock that delivers BIG in 2024.
๐ฅ Why CARR Now?
Great companies donโt wait for the right moment, they create it. I see CARR doing just that with its innovation, market dominance, and growing demand across industries.
Whatโs your take? Will CARR cruise past $75, or is there an even bigger upside in store? Letโs discuss! ๐ ๏ธโ๏ธ
@Tiger_comments @TigerPM @TigerStars @TigerPicks @Daily_Discussion @TigerGPT
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Carrier Global Corporation (CARR) - Stock Analysis
Introduction:Carrier Global Corporation is a leading company in HVAC, refrigeration, and fire/security systems. It is the backbone of modern climate control, energy efficiency, and smart building automation. With a market capitalization of $61.29 billion, Carrier Global has a strong presence in industries that require temperature control and security systems.
Earnings and Forecast:According to the latest earnings report for Q3 2024, Carrier Global Corporation reported an EPS of $0.50 and a gross profit margin of 28.28%. The return on equity (ROE) was 15.85%, indicating a healthy financial performance. Looking ahead, the company's earnings forecast for FY 2024, FY 2025, and FY 2026 are as follows:
FY 2024: Forecast EPS of $2.57, forecast gross income of $23.11 billion, and forecasting EBIT of $3.32 billion.
FY 2025: Forecast EPS of $3.03, forecast gross income of $23.38 billion, and forecasting EBIT of $3.81 billion.
FY 2026: Forecast EPS of $3.50, forecast gross income of $24.60 billion, and forecasting EBIT of $4.25 billion.
Analyst Recommendations and Target Price:Analysts have provided their recommendations for Carrier Global Corporation. Out of the 26 analysts, 5 recommend, 7 buy, 13 hold, and 1 suggest underperforming the stock. Regarding the target price, the mean target estimate is $84.03, with a low estimate of $70.00 and a high estimate of $96.00.
Capital Flow Data:Over the past five days, the capital flow data indicates the following:
12-16: Inflow of -2518.12 Thousand Units (K)
12-17: Inflow of -52624.97 Thousand Units (K)
12-18: Inflow of 15713.17 Thousand Units (K)
12-19: Inflow of -4936.32 Thousand Units (K)
12-20: Inflow of 40032.82 Thousand Units (K)
Support and Resistance Price:As of the latest data on December 20, 2024, the support price for Carrier Global Corporation is $67.03, while the resistance price is $74.53.
Stock Price:As of December 24, 2024, the stock price for Carrier Global Corporation is $68.42.
Chart Analysis:The technical analysis suggests a bounce off trendline support, indicating bullish potential for the stock. In the near term, there is potential for the stock to reach $75 or higher. Looking at the longer term, momentum is building, and there is a target range of $82-$85 by mid-2024.
Catalysts:Key catalysts for Carrier Global Corporation include the ramping up of winter demand, the global trend towards energy efficiency, and infrastructure investments in the sector. Carrier Global's market leadership positions it favorably to benefit from these trends, potentially leading to significant growth in 2024.
Summary:Carrier Global Corporation (CARR) is a leading company in HVAC, refrigeration, and fire/security systems. The stock has shown positive technical signals and has the potential for further growth. The company has a positive earnings forecast, with expected growth in EPS and gross income. Analysts have provided favorable recommendations and target prices for the stock. The recent capital flow data shows positive inflows, indicating investor interest. However, investors should be aware of the inherent risks in the stock market and carefully consider their investment decisions.
Disclaimer: The information provided above is for educational and informational purposes only and should not be considered as investment advice. Investing in the stock market carries risks, and investors should conduct their own research and analysis before making any investment decisions.
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