4 Industrial Stocks to Buy on a Jump in Durable Goods Orders
Business spending on equipment is rebounding, which is driving orders for durable goods. This is likely to benefit stocks like Applied Industrial Technologies, Inc. (AIT), Eaton Corporation plc (ETN), Lakeland Industries, Inc. (LAKE) and AZZ Inc. (AZZ).
Here's Why Applied Industrial (AIT) is an Attractive Pick Now
Applied Industrial (AIT) is set to benefit from solid momentum in the Service Center Based Distribution segment. AIT's measures to reward its shareholders are encouraging.
Applied Industrial Technologies (AIT) is on the Move, Here's Why the Trend Could be Sustainable
Applied Industrial Technologies (AIT) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Applied Industrial Technologies: Growth Should Accelerate
Applied Industrial Technologies is expected to experience a reacceleration in revenue growth due to improving short-cycle indicators and easing year-over-year comparisons. The company's strong balance sheet positions it well for potential mergers and acquisitions, complementing its organic growth. The stock is trading at a discount compared to its peers, suggesting potential for a P/E multiple re-rating.
