2 A-Rated Industrial Goods Stocks to Buy This Month By StockNews

© Reuters. 2 A-Rated Industrial Goods Stocks to Buy This Month

As governments implement favorable policy measures to support the growth of their industrial sectors, we think it could be wise to bet on fundamentally sound industrial goods stocks Agilent Technologies (NYSE:) and National Instruments (NASDAQ:). These two names are rated A (Strong Buy) in our POWR Rating system. So, read on.Even though the resurgence of the COVID-19 cases continues to pose a threat to the pace of global economic recovery, industrial activities continue to rise. According to Federal Reserve data, industrial production increased 0.9% in July after moving up 0.2% in June.

The Senate passed a bipartisan infrastructure bill on August 10, and House Speaker Nancy Pelosi, D-Calif., said on August 24 that she is “committing to pass the bipartisan infrastructure bill by September 27.” This is expected to drive the demand for industrial goods.

Given this backdrop, we think it could be wise to bet on quality industrial goods stocks Agilent Technologies, Inc. (A) and National Instruments Corporation (NATI). They have an overall A (Strong Buy) rating in our proprietary POWR Ratings system.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button