5 Industrial Stocks Likely To Beat Q2 Earnings Estimates
Zacks Investment Research | Jul 25, 2017 03:50AM ET
Industrial products stocks have been strong performers since the beginning of second-quarter 2017 with the industry gaining roughly 5.80%, outperforming the S&P 500’s rally of 3.09%. We believe that the outperformance was driven by growth-friendly policies of the government and expectation of increased infrastructure spending.
In addition, several economic indicators point toward healthy operating conditions in the industry. For example, Industrial production – a measure of the level of output of manufacturing, mining and utilities sectors in a country – grew at an annual rate of 4.7% in the second quarter, driven by impressive growth in mining and utilities. Also, new orders for U.S.-manufactured machinery increased 4.6% in the first five months of 2017, primarily for the construction, mining and oil and gas field machinery.
Per the Zacks Investment Research
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