TSX:HPS.A - Post Discussion
Post by
microcaphobby on Jul 23, 2023 8:05am
Barron's magazine
7 Stocks to Play the Revival of American Manufacturing
It would also mean vast new investment. UBS reckons the U.S. underspent by $5 trillion on domestic factories and equipment over the past 20 years. Among listed companies, obvious beneficiaries include smart-factory specialists Rockwell Automation (ROK) and Emerson Electric (EMR). Snyder’s top reshoring pick is Eaton (ETN), which makes electrical systems and thus has a hand in factory construction, equipment installation, data centers, and more. Other well-positioned companies include Trane Technologies (TT), which makes air-conditioning systems; Amphenol (APH) for sensors and other electronic doodads; Keysight Technologies (KEYS) for test equipment and software; and W.W. Grainger (GWW) for industrial supplies. Several industrial names will report quarterly results at the end of July and in early August. Snyder says that investors don’t yet fully appreciate the strength and durability of the reshoring movement, and that estimates for Eaton and others will have to move “materially higher.” We’ll see soon.
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