The broader market's decline is creating buying opportunities in some high-quality growth stories, and I think Johnson Controls (NYSE: JCI) is one of them. The building products company has a combination of near-term solid growth potential and the stability of long-term growth prospects from its exposure to favorable megatrends in the economy. Here's the lowdown.
The company offers building products and solutions, primarily to the commercial buildings sector. Its portfolio of products and services includes heating, ventilation, and air conditioning (HVAC) and fire and security products, with a much smaller industrial refrigeration business. Within HVAC, Johnson is a much bigger player in the commercial HVAC market than in the residential market.
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Here's My Top Growth Stock to Buy Right Now