Industrial Production Rises Amid Inflation Woes: 4 Stocks to Grab

Macro
โดย Zacks Investment Research·Read original
Summary · why it matters

U.S. industrial production rose 0.1% in May after a 0.9% gain in April, with the index reaching 102.6. Manufacturing output, a component of the broader industrial production index, came in at 97.9, while durable goods production climbed 0.8% sequentially. The ISM Manufacturing PMI hit 54, its highest in four years, marking a fifth straight month above 50. Zacks Investment Research highlights four industrial stocks with strong earnings growth estimates: Caterpillar, Helios Technologies, Dover Corporation, and Luxfer Holdings.

Impact on stocks 4

Energy Transition & Power Demand · 1 stocks
Caterpillar Inc
CAT
▲ PositiveDemandrelevance

Rising industrial production and manufacturing PMI indicate stronger demand for Caterpillar's heavy equipment.

Climate Adaptation & Water · 1 stocks
Dover Corporation
DOV
▲ PositiveDemandrelevance

Higher industrial output and durable goods production suggest increased demand for Dover's industrial products.

Industrials · 1 stocks
Helios Technologies Inc
HLIO
▲ PositiveDemandrelevance

Improving manufacturing activity supports demand for Helios Technologies' hydraulic and electronic components.

Aerospace & Aviation · 1 stocks
Luxfer Holdings PLC
LXFR
▲ PositiveDemandrelevance

Stronger industrial production benefits Luxfer's specialty materials used in manufacturing.