WSO Stock Summary and Trading Ideas (Watsco | NYSE:WSO)

Watsco is the largest heating, ventilation, air conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.

Watsco trades on the NYSE stock market under the symbol WSO.

As of April 23, 2024, WSO stock price climbed to $413.96 with 171,585 million shares trading.

WSO has a beta of 1.46, meaning it tends to be more sensitive to market movements. WSO has a correlation of 0.40 to the broad based SPY ETF.

WSO has a market cap of $16.35 billion. This is considered a Large Cap stock.

Last quarter Watsco reported $2 billion in Revenue and $2.06 earnings per share. This fell short of revenue expectation by $-47 million and missed earnings estimates by -$.35.

In the last 3 years, WSO stock traded as high as $447.49 and as low as $220.68.

The top ETF exchange traded funds that WSO belongs to (by Net Assets): VTI, IJH, VB, SCHD, VXF.

WSO has outperformed the market in the last year with a return of +25.3%, while the SPY ETF gained +24.3%. However, in the most recent history, WSO shares have underperformed the stock market with its stock returning +1.9% in the last 3 month period and -6.3% for the last 2 week period, while SPY has returned +4.9% and -2.5%, respectively.

WSO support price is $399.59 and resistance is $413.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WSO stock will trade within this expected range on the day.