3 Promising Robotic Stocks Poised To Shine In 2H
Zacks Investment Research | Sep 21, 2017 09:19PM ET
The Industrial Products sector has been in investors’ good books of late, driven by impressive factors such as President Trump’s impetus to boost U.S. infrastructure spending, upbeat labor market, improved Gross Domestic Product (GDP) numbers, as well as the recovery of Chinese economic conditions. However, on the other hand, tropical hurricanes, volatile oil prices and North Korea’s back-to-back nuclear tests on Japan have spurred global tensions and unnerved investors.
The Industrial Market Scenario
The latest Institute for Supply Management (ISM) report reveals that the ISM Manufacturing Index was pegged at 58.8% this August, up 2.5 percentage points from July, marking the highest level recorded since April 2011. Also, GDP of the United States grew at an annualized rate of 3% in second-quarter 2017, the strongest growth registered since first-quarter 2015.
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