AI infrastructure beyond the chips: What are your top 3 shovel stocks for 2026? I am looking for stocks that enable the operation of data centers (power, cooling, connectivity) but do not yet have the 100 P/E ratios of chip manufacturers.
My focus is on $ETN (+0,9%)
$ANET (+0,4%)
$VRT (-0,01%)
$FCX (+2,63%)
$NOW (-2,53%) !
Entry scenarios & opportunities $ETN (+0,9%)
Conservative (deep value): Wait for the range of $215 - $230. This would correspond to the DCF base case and a return to the long-term trend.
Growth-oriented: Entry on a daily RSI reversal above 35 and a simultaneous bullish MACD crossover. Target: Rebound to the EMA 200 (~340).
Savings plan entry: As Eaton is growing structurally (data centers, EV infrastructure), a savings plan at prices below 320 is historically attractive, as the P/E ratio is now back below its 3-year average.
Entry scenarios & opportunities $ANET (+0,4%)
Conservative (value focus): Entry at USD 95.00. This is close to the DCF base case and offers a solid fundamental basis.
Growth-oriented: Entry on a sustained breakout above the resistance of USD 135.00 with a simultaneous increase in volume.
Savings plan entry: Currently possible. Despite the high P/E ratio, the valuation is below the 5-year average (often > 50). Anyone who believes in the AI infrastructure cycle in the long term can build up positions here.
Entry scenarios & opportunities $VRT (-0,01%)
Conservative: Wait for a setback in the area of the DCF base case at USD 145 - 150.
Growth-oriented: Enter now (partial position), as the RSI (< 30) provides a strong buy signal for a mean-reversion trade. Increase on MACD crossover.
Savings plan: Due to the high volatility and the long-term AI theme, a monthly entry is ideal to take advantage of the cost-average effect during price setbacks.
Entry scenarios & opportunities $FCX (+2,63%)
Conservative entry (value-oriented):
Target price: range between $36.00 and $38.50.
Strategy: Buy close to the DCF bear case and the fundamental substance valuation.
Focus: Maximum margin of safety. This price range protects against volatility in the event of falling commodity prices or a global recession.
Growth-oriented entry (technical setup):
Target price: Setback to approx. $47.50.
Strategy: "Buy the dip" at the EMA 20 (exponential moving average) or at the first horizontal support level.
Focus: Use the current momentum. Entry is only made when the extremely overbought RSI (86) has cooled slightly, but the upward trend remains intact.
Savings plan entry (strategic DCA):
Target price: Current price level ($49.15).
Strategy: Regular purchases regardless of the current P/E ratio (dollar-cost averaging).
Focus: Long-term bet on the copper supercycle. Here it is accepted that the share is currently historically expensive, but that the opportunity costs of a missed breakout (above $50) should be avoided.
Entry scenarios & opportunities $NOW (-2,53%)
Conservative (Graham/DCF-Bear): Wait for a setback to the $105.00 - $115.00 range. The fundamental protection provided by the cash flow would be much stronger here.
Growth-oriented: Entry on a bullish MACD crossover on a daily basis, ideally combined with a breakout above the resistance at USD 162.00.
Savings plan entry: Currently attractive. The P/E ratio (forward) has fallen in historical comparison (often > 120) to a moderate 43x for 2026.
Do you have any other ideas? How do you invest?
Have a nice sunny Sunday!
