3 Top Industrial Stocks to Buy Right Now
If you think industrial assembly lines in the U.S. aren't running yet as the COVID-19 pandemic continues to rage, think again. The closely watched manufacturing index from the Institute for Supply Management (ISM) hit a 21-month high of 56% in August, reflecting a strong uptick in industrial production and orders. A reading above 50% is positive.
The industrials sector is helping the American economy recover. Did you notice? If the dizzying rally in tech stocks made you forget industrials for a while, don't worry. You still have time to buy these three promising industrial stocks.
ABB (NYSE: ABB) recently made a sensible business move. It divested an 80% stake in its power grid business to Hitachi to focus on "industrial customers" through its four remaining business units: electrification, industrial automation, motion, and robotics and discrete automation.
Source Fool.com
