Industrial Stocks Worth A Second Look
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
With banks imploding and consumers spending dwindling, one safe haven for the market could be in the stodgy industrials sector. Companies that make things such as bolts and studs and hydraulic equipment may sound depressingly unsexy.
Industrial companies are actually reporting healthy sales and profits. And there’s nothing sexier than better-than-expected earnings in this ugly market. Investors believe industrials are a safe haven for those tired of seeing more big bank losses, tech companies floundering, and concerns about weak retail spending.
Fundamentally, they are well-positioned to take advantage of the weak dollar and the amount of infrastructure that will be built out in lesser developed countries.
