Why you should be investing in electric equipment stocks. Plus, four things to know about inflation [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Why you should be investing in electric equipment stocks. Plus, four things to know about inflation The picks and shovels investing strategy uses a new gold mine as a metaphor. It posits that once a gold find occurs, the surest way to profits is not to buy land around the first lucky prospector, but to open a nearby store selling mining equipment to benefit from those who do. Citi analyst Martin Wilkie’s recent report makes a strong argument that electric equipment stocks are the picks and shovels investment for the power shortage that is gripping Europe and China, and for the longer term efforts to net zero emissions and decarbonization. There are some remarkable statistics in Mr. Wilkie’s report. For one, the European Commission estimates that there are eight billion electric motors in that region alone, accounting for roughly half of electricity consumption. The analyst estimates that new motors, and motor drives that control machinery speed, from companies like ABB Ltd. “can easil
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