3 Top Industrial Stocks to Buy Right Now
The U.S. industrial production index for April slumped the most in the index's 101-year history. Does that mean you shouldn't touch industrial stocks?
Not quite, because although the COVID-19 pandemic has hit nearly every industry hard, parts of the economy will start moving eventually, and there are some industrial stocks that have the potential to ride out the storm and grow as the economy recovers. Here are three such interesting industrial stocks you might want to consider buying now.
ABB (NYSE: ABB) is one of the most intriguing industrial stocks given its portfolio of five broad businesses: electrification, industrial automation, motion, robotics and discrete automation, and power grids. That pretty much covers the wide spectrum of industrial automation and robotics, a field that industry experts now tout to grow by leaps and bounds in coming years, partly because the coronavirus could make social distancing in factories, coupled with a shortage of skilled labor, a new normal.
Source Fool.com