Published on 24 May 2024 on Zacks via Yahoo Finance
3 Diversified Operations Stocks to Overcome Industry Headwinds
Persistent challenges in the manufacturing sector with tepid orders for products and services have marred the outlook of the Zacks Diversified Operations industry. The lingering effects of supply-chain issues, especially related to the availability of electronic components, have been another concern for industry participants.
The industry is benefiting from the strength across aerospace, defense and oil & gas industries. Healthy demand across medical and life science end markets and growth in the commercial aviation sector have been proving beneficial for the industry. Carlisle Companies Incorporated CSL, Griffon Corporation GFF and ITT Inc. ITT are likely to capitalize on the opportunities.