Stock #3 – Watsco Inc. (WSO)
Watsco (WSO) distributes heating and air conditioning parts through its some 400 U.S. locations that serve about 40,000 contractors and dealers. As winter takes its toll on copper tubing to external heating units, ductwork and thermostats, WSO has the perfect product for any repair.
WSO posted a stunning 75% earnings surprise in the latest quarter, thanks in large part to a joint venture formed last year with United Technologies Corp.’s (UTX) Carrier brand. This 60% stake has allowed Watsco an even greater scale, and that should come in handy as homeowners focus on HVAC systems right now.
- Poll of the Day