Published on 30 Apr 2024 on Zacks via Yahoo Finance
4 Stocks to Gain From the Promising Industrial Manufacturing Industry
The Zacks Manufacturing – General Industrial industry is poised for growth on the back of the recovery in domestic and export orders for industrial products and the surge in the e-commerce business. Efforts to digitalize business operations have been enhancing the industry players' competitiveness.
Strength in end markets, along with improvement in the supply chain, is expected to foster the industry’s growth. Industry players bank on frequent innovation investments to stay competitive in the market. Ingersoll Rand Inc. IR, RBC Bearings Incorporated RBC, Applied Industrial Technologies, Inc. AIT and Chart Industries, Inc. GTLS are a few industry participants that might capitalize on these opportunities.