3 Scorching-Hot Industrial Stocks -- Are They Buys Right Now?
Industrial stocks have been on a tear since Donald Trump won the 2016 presidential election. Wall Street figured pro-business stances and deregulation would aid everything from construction to infrastructure. While those ambitions may have taken a hit in the first six months of the new administration, investors should remember that most companies aren't dependent on campaign promises coming true.
For instance, heavy machinery company Caterpillar (NYSE: CAT) has nearly tripled the year-to-date returns of the S&P 500. Top infrastructure stock US Concrete (NASDAQ: USCR) has doubled the broader index in the same span. Meanwhile, chemical manufacturer Chemours Co. (NYSE: CC) has already more than doubled shareholders' investments in 2017 and run laps around the broader market.
Despite the impressive gains through the first eight months of the year, are any of these scorching-hot industrial stocks buys right now?
Source: Fool.com
Caterpillar Inc. Stock
With 17 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 332 € there is a slightly positive potential of 8.14% for Caterpillar Inc. compared to the current price of 307.0 €.
