The Zacks Analyst Blog Highlights: AGCO, Brady, Chart Industries And Sealed Air
Zacks Investment Research | Oct 06, 2019 10:03PM ET
For Immediate Release
Chicago, IL – October 7, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: AGCO Corporation (NYSE:AGCO) , Brady Corporation (NYSE:BRC) , Chart Industries, Inc. (NASDAQ:GTLS) and Sealed Air Corporation (NYSE:SEE) .
Here are highlights from Friday’s Analyst Blog:
4 Industrial Stocks Poised to Deliver Improved Results in 2019
The U.S.-China trade turbulence and waning global demand seems to have taken its toll on the U.S manufacturing sector. Per the Institute for Supply Management’s latest report, the U.S Purchasing Managers’ Index (PMI) declined to 47.8% in September 2019 — the worst reading in a decade. Notably, the index had registered 46.3% in June 2009 — the last month of the Great Recession.
The PMI reading had shown signs of deceleration since April this year. Nevertheless, the reading had remained above 50, which denotes expansion. However, it declined to 49.1% in August – marking an end to the 35 consecutive months of expansion.
Of the 18 manufacturing industries, only three reported growth in September. New Orders Index registered 47.3% in September, compared with 47.2% in August. Production Index came in at 47.3% in September, decelerating from the 49.5% registered in August. Employment Index registered 46.3% in September, down from 47.4% in August. Notably, the new orders index, production index and employment index showed contraction in August after continued expansion of 43, 35 and 34 months, respectively.
Notwithstanding the dip, the PMI has averaged 53.5% over the last 12 months ranging from a low of 47.8% to a high of 58.8%.
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