Why Old and New Industrial Stocks All Crashed Today
II-VI Incorporated (NASDAQ: IIVI). IPG Photonics (NASDAQ: IPGP). 3D Systems (NYSE: DDD). Nucor (NYSE: NUE).
What do these four stocks have in common? In one way or another, they're all key to how American industry operates in the 21st century. II-VI manufactures components and crystals used to make industrial lasers, while IPG builds the lasers themselves. 3D Systems helped to pioneer the process of "additive manufacturing," more commonly known as three-dimensional printing of industrial products. And Nucor makes steel, using electric arc furnaces to melt scrap and form new metal.
They also got their clocks cleaned in today's early morning stock market rout, as each and every one of these stocks fell 10% -- or more.
Source Fool.com