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The Zacks Analyst Blog Highlights: Belden, Deere, Mueller Industries, Terex and Valmont Industries
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For Immediate Release
Chicago, IL – September 3, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Belden Inc. (BDC - Free Report) , Deere & Company (DE - Free Report) , Mueller Industries, Inc. (MLI - Free Report) , Terex Corporation (TEX - Free Report) and Valmont Industries, Inc. (VMI - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
5 Top-Performing Industrial Stocks to Buy in September
U.S. factories are humming despite broad scarcities of supply amid inflationary pressure. No doubt, manufacturers at the moment are finding it difficult to acquire the required raw materials and qualified labor in the middle of the coronavirus pandemic.
In fact, the spread of the more contagious delta variant of coronavirus is now threatening to disrupt global economic growth, which certainly doesn't bode well for manufacturers. In spite of such bottlenecks, a measure of manufacturing activity in the United States grew faster than expected in the month of August.
Citing a Barron's article, the Institute of Supply Management's Manufacturing PMI for the month of August came in at 59.9%, up from 59.5% in July, and also above economists' projection of 58.5%. Thus, the manufacturing side of the economy is expanding since any reading above 50% indicates growth.
Moreover, the new orders index jumped to 66.7% in August from 64.9% in the prior month, as mentioned in the Barron's article. That's good news since the new orders index is a leading indicator of growth among manufacturers. To top it, the production index rose to 60%, quoting a MarketWatch article.
Similarly, citing a Morningstar article, the final reading of IHS Markit's U.S. Manufacturing Business Activity PMI came in at 61.1 for August, confirming that activity in the U.S. manufacturing sector is showing no signs of contraction. Lest we forget, the U.S. Manufacturing Business Activity PMI already hit an almost 14-year high in the month of July, citing another MarketWatch article (read more: 5 Top Industrial Stocks to Buy With Strong Potential Upside).
Nonetheless, the increase in new orders for U.S. manufactured goods should certainly help the manufacturing sector stay afloat in the near term. In reality, improvement in the health crisis and trillions of dollars of financial aids improved the well-being of individuals and boosted manufacturing activities as well. Now, with surging demand for manufactured goods, manufacturers are undoubtedly finding it to be a challenge to keep pace.
Thus, with demand in the U.S. manufacturing sector remaining strong and factory activities continuing to chug along despite the coronavirus pandemic, it's imperative for investors to consider solid industrial stocks this month for better returns. Hence, we have highlighted five such industrial stocks that possess a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Belden is engaged in the design, manufacture and retail of cable, connectivity, and networking products in markets, including industrial automation, enterprise, transportation, infrastructure, and consumer electronics. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up almost 22% over the past 60 days. The company's expected earnings growth rate for the current year is 63.6%.
Deere & Co. is the world's largest producer of agricultural equipment, and has been manufacturing agricultural machinery since 1837. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 5.7% over the past 60 days. The company's expected earnings growth rate for the current year is 117.5%.
Mueller Industries is a leading manufacturer of copper tubes and fittings. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 52.4% over the past 60 days. The company's expected earnings growth rate for the current year is 154.1%. You can see the complete list of today's Zacks #1 Rank stocks here.
Terex Corp. is a global manufacturer of aerial work platforms, materials processing machinery and cranes. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 18.1% over the past 60 days. The company's expected earnings growth rate for the current year is 2,207.69%.
Valmont Industries is primarily engaged in the production of fabricated metal products, metal and concrete pole and tower structures and mechanized irrigation systems in the United States and abroad. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 9.1% over the past 60 days. The company's expected earnings growth rate for the current year is 32%.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Belden, Deere, Mueller Industries, Terex and Valmont Industries
For Immediate Release
Chicago, IL – September 3, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Belden Inc. (BDC - Free Report) , Deere & Company (DE - Free Report) , Mueller Industries, Inc. (MLI - Free Report) , Terex Corporation (TEX - Free Report) and Valmont Industries, Inc. (VMI - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
5 Top-Performing Industrial Stocks to Buy in September
U.S. factories are humming despite broad scarcities of supply amid inflationary pressure. No doubt, manufacturers at the moment are finding it difficult to acquire the required raw materials and qualified labor in the middle of the coronavirus pandemic.
In fact, the spread of the more contagious delta variant of coronavirus is now threatening to disrupt global economic growth, which certainly doesn't bode well for manufacturers. In spite of such bottlenecks, a measure of manufacturing activity in the United States grew faster than expected in the month of August.
Citing a Barron's article, the Institute of Supply Management's Manufacturing PMI for the month of August came in at 59.9%, up from 59.5% in July, and also above economists' projection of 58.5%. Thus, the manufacturing side of the economy is expanding since any reading above 50% indicates growth.
Moreover, the new orders index jumped to 66.7% in August from 64.9% in the prior month, as mentioned in the Barron's article. That's good news since the new orders index is a leading indicator of growth among manufacturers. To top it, the production index rose to 60%, quoting a MarketWatch article.
Similarly, citing a Morningstar article, the final reading of IHS Markit's U.S. Manufacturing Business Activity PMI came in at 61.1 for August, confirming that activity in the U.S. manufacturing sector is showing no signs of contraction. Lest we forget, the U.S. Manufacturing Business Activity PMI already hit an almost 14-year high in the month of July, citing another MarketWatch article (read more: 5 Top Industrial Stocks to Buy With Strong Potential Upside).
Nonetheless, the increase in new orders for U.S. manufactured goods should certainly help the manufacturing sector stay afloat in the near term. In reality, improvement in the health crisis and trillions of dollars of financial aids improved the well-being of individuals and boosted manufacturing activities as well. Now, with surging demand for manufactured goods, manufacturers are undoubtedly finding it to be a challenge to keep pace.
Thus, with demand in the U.S. manufacturing sector remaining strong and factory activities continuing to chug along despite the coronavirus pandemic, it's imperative for investors to consider solid industrial stocks this month for better returns. Hence, we have highlighted five such industrial stocks that possess a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Belden is engaged in the design, manufacture and retail of cable, connectivity, and networking products in markets, including industrial automation, enterprise, transportation, infrastructure, and consumer electronics. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up almost 22% over the past 60 days. The company's expected earnings growth rate for the current year is 63.6%.
Deere & Co. is the world's largest producer of agricultural equipment, and has been manufacturing agricultural machinery since 1837. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 5.7% over the past 60 days. The company's expected earnings growth rate for the current year is 117.5%.
Mueller Industries is a leading manufacturer of copper tubes and fittings. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 52.4% over the past 60 days. The company's expected earnings growth rate for the current year is 154.1%. You can see the complete list of today's Zacks #1 Rank stocks here.
Terex Corp. is a global manufacturer of aerial work platforms, materials processing machinery and cranes. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 18.1% over the past 60 days. The company's expected earnings growth rate for the current year is 2,207.69%.
Valmont Industries is primarily engaged in the production of fabricated metal products, metal and concrete pole and tower structures and mechanized irrigation systems in the United States and abroad. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved up 9.1% over the past 60 days. The company's expected earnings growth rate for the current year is 32%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.