3 No-Brainer Stocks to Buy in the Industrial Sector
With the markets seemingly taking a positive view on the prospects for the economy, it's becoming harder and harder to find good value stocks. In such an environment, it makes sense to look for stocks that might not be on everyone else's radar. In this vein of thought, heating, ventilation, air-conditioning, and refrigeration (HVACR) company Carrier (NYSE: CARR), pool and water treatment specialist Pentair (NYSE: PNR), and industrial software company PTC (NASDAQ: PTC) are all good value buys. Here's what the market may be missing about these no-brainer stocks.
The investment case for buying Carrier is based on a combination of three interrelated factors.
First, profits should increase significantly due to a substantive cost-cutting program in place. The plan involves cutting $600 million in annual costs by 2022. To put this figure into context, the company generated around $2.6 billion in adjusted operating profit in 2019, so the cuts are significant.
Source Fool.com
