not vested
WHY THIS 'PICKS AND SHOVELS' MODEL IS MAKING BIG GAINS
TE Connectivity (TEL) is a $45 billion leader in industrial technology.
The company makes products like antennas, sensors, and connectors. It has seen increased demand recently due to two popular markets... electric cars and cloud-based applications.
In the first quarter, TE Connectivity reported net sales of $3.5 billion, up 11% year over year. Total orders for its products also jumped 25% year over year to roughly $4 billion.
As you can see in today's chart, TEL shares are up more than 150% from last year's mid-March lows... And they just hit a fresh all-time high.
As long as electric-car makers and cloud-based companies turn to TE Connectivity to improve their products, this trend should continue...
Source: Daily Wealth