TE Connectivity Positioned to Benefit from IoT and AI-Driven Growth

about 1 month ago

Joe Austin

"The third company I'm going to talk about is called TE Connectivity. The symbol is TEL and, on the surface, it's a very boring company making connectors. But it's a play into the internet of things. Devices connected to the IoT are growing at about 20% a year and through 2032, it's expected to double revenues in this area. They operate with very low margins so the biggest impact is on the top line, with sales growth accelerating for the first time in years. This stock has done the best since we launched Breakthrough Investor and is above our buy target right now."

TE Connectivity is presented as a hidden gem benefiting from the IoT revolution and AI-enabled improvements. The commentary emphasizes accelerated sales growth and its current status above the buy target, suggesting promising near-to-medium term performance.

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