Other

Six industrial-focused stocks in the portfolio — and why we like each one of them

Eaton Corporation signage at the NYSE

Source: NYSE

This year will certainly be known for tech reasserting its dominance on Wall Street. However, the powerful snapback rally of 2023 has broadened out over the past seven weeks or so to include companies whose fortunes are more closely tied to the U.S. economy. With the Federal Reserve’s interest rate hikes on pause and three rate hikes expected next year, cyclical stocks have come back into favor.

Against that backdrop going into 2024, I like our industrial-focused companies very much and talked about why during the CNBC Investing Club’s December Monthly Meeting on Tuesday.


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button