Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Have you been paying attention to shares of Trane Technologies (TT) ? Shares have been on the move with the stock up 6.3% over the past month. The stock hit a new 52-week high of $370.22 in the previous session. Trane Technologies has gained 51.3% since the start of the year compared to the 14.2% move for the Zacks Business Services sector and the 24.3% return for the Zacks Technology Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as ...

Trane Technologies (TT) closed the latest trading day at $359.67, indicating a +1.51% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.75%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 1%. The manufacturer's stock has climbed by 2.48% in the past month, falling short of the Business Services sector's gain of 5.97% and the S&P 500's gain of 4.03%. The upcoming earnings release of Trane Technologies will be of grea ...

Trane Technologies (TT) has performed well over the past year and has the potential to sustain momentum in the near term. Hence, if you have not taken advantage of the share price appreciation yet, it is time for you to add the stock to your portfolio. What Makes TT an Attractive Pick? An Outperformer: A glimpse at the company's price trend reveals that the stock has had an impressive run over the year. Shares of Trane Technologies have surged 67.9% compared with the 45.3% rally of the industry it belongs t ...

LukaTDB Since I presented my 'Strong Buy' thesis on Trane Technologies (NYSE:TT) in March 2024, the stock price has surged by more than 14%, significantly outperforming the S&P 500 index (SPX). I highlighted Trane's strong commercial HVAC growth driven by energy efficiency. The company released its Q2 result on July 31st with 19% growth in orders and 13% growth in revenue. As I think the economy is more likely to enter an interest rate downcycle in FY25, I argue Trane Technologies' new residential business ...

It has been about a month since the last earnings report for Trane Technologies (TT) . Shares have added about 6.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Trane Technologies due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Trane Technologies Q2 Earnings B ...

Trane Technologies (TT) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individua ...

Second-Quarter 2024 Results July 31, 2024 TECHNOLOGIES Forward-Looking Statements This news release includes "forward-looking" statements within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue, EPS, operating income, operation margin and earnings; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the ...

Trane Technologies plc (NYSE:TT) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Zac Nagle - Vice President, Investor Relations David Regnery - Chair and CEO Chris Kuehn - Executive Vice President and CFO Conference Call Participants Julian Mitchell - Barclays Scott Davis - Melius Research Andy Kaplowitz - Citigroup Gautam Khanna - TD Cowen Damian Karas - UBS Joe Ritchie - Goldman Sachs Steve Tusa - JPMorgan Jeff Sprague - Vertical Research Partners Nigel Coe - Wolfe Research ...

Trane Technologies plc (TT) reported better-than-expected second-quarter 2024 results. Adjusted EPS of $3.3 surpassed the Zacks Consensus Estimate by 7.1% and increased 23.1% year over year. Revenues of $5.3 billion beat the consensus mark by 3.8% and increased 13% year over year on a reported basis, as well as organically. Bookings were up 19% year over year on a reported basis, as well as organically. Revenues and Bookings The Americas segment's revenues of $4.3 billion were higher than our estimate of $4 ...