3 Industrial Stocks to Buy Before the Market Recovers
The S&P 500 fell into a bear market in early 2022 and it has been trying to work its way back to breakeven. The inflation and recession fears that pushed that index lower took a huge toll on some prominent industrial names, including Stanley Black & Decker (NYSE: SWK), Rockwell Automation (NYSE: ROK), and A. O. Smith (NYSE: AOS).
All three still have long-term appeal, making their sell-offs a potential opportunity for investors. Let's take a closer look at why these are three industrial stocks worth buying before the market recovers.
Stanley Black & Decker's stock price decline has a lot to do with its withering outlook for 2022. When the year began it was projecting annual adjusted earnings between $12 and $12.50 per share. By the end of the second quarter, that range had projection plunged to between $5 and $6 a share. Rising inflation and softening consumer demand are both big parts of the story.
Source Fool.com
