Even in a down market, there are equities that are worth investing in. We found two equities that we opened positions in yesterday.
First up was Novatel Wireless (NVTL). You probably have seen the commercials from Sprint that highlight one of Novatel's products.
a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact."
The company's power systems unit is likely to benefit from a number of factors. First, there is a push in developed countries to modernize their electric grids. Some of the eletricity generated is lost during the transmission process as it turns into heat. In the province of Alberta, for example, transmission losses are expected to cost $220 million CDN
And the aging electric grid is slowing the development of green power. While there's a lot of wind blowing in plains of Oklahoma, for example, there aren't transmission lines that allow that power to be sent to population centers that need it. ABB's power systems unit helps solve these problems, and it's likely to see increased sales and profits as a result.
Second, as developing nations start to build electric systems and other infrastructure projects, ABB's expertise is called upon. In fact, for the first time in the history of the company, developing markets accounted for more revenue than developed nations.
Finally, ABB has other divisions that help companies improve the efficiency of their operations. With the push towards doing more with less and increasing productivity, this unit is likely to tapped for its expertise.
Add it all up, and it's likely that ABB will be seeing increasing revenues and profits. And, its services are likely to be in demand regardless of what the economy does.
We entered a position in ABB at $20.63. We are taking losses today, as the market punishes industrial companies, but ABB is going to be a longer term holding we will buy more if the price drops.
So, we had two plays. We had a macro play, with ABB. And we had a micro play, with Novatel. Even in a down market, there are still trades to be made.
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First up was Novatel Wireless (NVTL). You probably have seen the commercials from Sprint that highlight one of Novatel's products.
Image via Wikipedia
a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact."
The company's power systems unit is likely to benefit from a number of factors. First, there is a push in developed countries to modernize their electric grids. Some of the eletricity generated is lost during the transmission process as it turns into heat. In the province of Alberta, for example, transmission losses are expected to cost $220 million CDN
And the aging electric grid is slowing the development of green power. While there's a lot of wind blowing in plains of Oklahoma, for example, there aren't transmission lines that allow that power to be sent to population centers that need it. ABB's power systems unit helps solve these problems, and it's likely to see increased sales and profits as a result.
Second, as developing nations start to build electric systems and other infrastructure projects, ABB's expertise is called upon. In fact, for the first time in the history of the company, developing markets accounted for more revenue than developed nations.
Finally, ABB has other divisions that help companies improve the efficiency of their operations. With the push towards doing more with less and increasing productivity, this unit is likely to tapped for its expertise.
Add it all up, and it's likely that ABB will be seeing increasing revenues and profits. And, its services are likely to be in demand regardless of what the economy does.
We entered a position in ABB at $20.63. We are taking losses today, as the market punishes industrial companies, but ABB is going to be a longer term holding we will buy more if the price drops.
So, we had two plays. We had a macro play, with ABB. And we had a micro play, with Novatel. Even in a down market, there are still trades to be made.
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