It’s the time of year to reflect and pick out some investment ideas for 2021. My choice in the industrial sector is Carrier (NYSE: CARR). The stock had a remarkable year in 2020, rising by a whopping 214% after it began trading as an independent company in early April, but I think there’s more to come in 2021. Here’s why.
Just because a stock has gone up a lot it doesn’t mean it isn’t a good value. Indeed, Carrier still looks like a good value on a relative and absolute basis. For example, here’s Carrier compared to its heating, ventilation, air conditioning, and refrigeration (HVACR) peer group.