Published on 2 Dec 2021 on Zacks via Yahoo Finance
4 Stocks to Buy as Manufacturing Activity Continues to Expand
The manufacturing sector has been making fast progress despite renewed COVID-19 fears every time a new mutant is detected. The reopening of the economy last year saw manufacturing activity picking up and staying high since then.
According to the Institute for Supply Management (“ISM”), manufacturing activity continued to trend upward in November. Although people had started spending more on services, they again shelled out more on goods, giving manufacturing activity a boost. Thus, stocks such as Welbilt WBT, A. O. Smith AOS, Helios Technologies, Inc HLIO and Applied Industrial Technologies, Inc. AIT are likely to benefit in the near term.
Manufacturing Activity Continues to Grow