Why Shares in Johnson Controls Soared in October

Shares in building technology and heating, ventilation, and air conditioning (HVAC) company Johnson Controls (NYSE: JCI) rose by 17.5% in October, according to data provided by S&P Global Market Intelligence. The move comes as part of a general rise in the S&P 500 index in the month (up 8%) and a growing realization among investors that Johnson Controls is heading for a strong year. In addition, Johnson Controls' solutions help building owners increase building efficiency and meet their net-zero carbon emissions goals.