Published on 11 Jan 2024 on Zacks via Yahoo Finance

5 Solid Stocks to Buy on a Solid Jump in Factory Orders

The struggle continues for the U.S. manufacturing sector, but the picture is finally looking brighter with the sector making a solid effort to stage a rebound. Cooling inflation is once again driving demand that has seen orders at U.S. factories picking up lately.

New orders for U.S.-made factory goods increased 2.6% in November, surpassing economists’ expectations of a rise of 2.1%, the Census Bureau said on Jan 5. The rebound came after a 3.4% decline in October.

Year over year, factory orders increased 0.7% in November, driven by a solid 80.1% jump in orders for civilian aircraft after it fell 43.9% in the month earlier. Orders for computers and electronic products, machinery, electrical equipment, appliances and components, and primary metals also increased in November.