1 Industrial Stock to Buy Hand Over Fist in August
It's no secret that the industrial sector is struggling. High interest rates and inflation have lifted borrowing costs and costs for materials and labor, and inflation has squeezed end consumers as well.
The ISM just reported its lowest manufacturing reading since November as its index fell from 48.5 in June to 46.8 in July, indicating a worsening contraction and other economic data points to weakness as well.
However, in this challenging environment, XPO (NYSE: XPO), one of the largest providers of less-than-truckload transportation in North America, continues to shine, and it just delivered another round of impressive results last week
Source Fool.com
