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There’s an Opportunity Brewing in These 3 Industrial Stocks, Says Top Wall Street Analyst


1 week ago 14
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We may be living in the digital age, but the world remains physical – and that truth underlies the long-term resilience of industrial stocks. As a group, these shares are prone to cycles of boom and bust, but several positive factors appear to be lining up.

For starters, the inventory destocking cycle prompted by the COVID shutdowns appears to have finally run its course. With stock shelves finally free of the goods that piled up during the pandemic, we should expect some companies to increase their stock orders – a plus for manufacturing and industry. In addition, the slowing rate of inflation has increased the chances that the Federal Reserve will start cutting back interest rates this year – and lower rates are positive for spending and demand.

These factors have informed Truist’s industrial expert Jamie Cook, a 5-star analyst rated in the top 2% of the Street’s stock pros, who sees plenty of potential upside in industrials.

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