10 Top-Rated Industrial Stocks to Snap Up Now
If you are looking for compelling investing opportunities, consider an often-overlooked area of the market: industrial stocks.
Industrials frequently have made headlines because its components have been pressured by tariff volleys between the U.S. and China. But despite this, the industrial sector of the Standard & Poor's 500-stock index, at 12.6% returns, is the third-best-performing sector of the market behind technology and real estate. And profit growth could see industrial stocks continue to outperform the broader market.
"We're living in a world where growth is declining," John Davi, chief investment officer at Astoria Portfolio Advisors, told CNBC back in March. "S&P 500 earnings are de-accelerating, so if you can get stocks that have above-average growth to the S&P, then that's really attractive." And while consensus estimates have been scaled back since then, FactSet's Earnings Insight still shows that industrials are expected to grow profits 5.2% this calendar year - better than the 3.2% projected for the S&P 500.
The sector still faces headline risk, so you only want to buy the best of the best. To help with that, we've pinpointed 10 of the Street's best-rated industrials by using TipRanks' Stock Screener to scan only for companies in the industrial sector with a "Strong Buy" analyst consensus. The result: This group of 10 industrial stocks to buy.
Honeywell
Market value: $121.2 billion
TipRanks consensus price target: $178.57 (7% upside potential)
TipRanks consensus rating: Strong Buy
Honeywell (, $166.47) is a global industrial, diversified tech and manufacturing company with a digital focus. Its operations range from aerospace to chemicals to fire systems
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