The best stocks to watch today? 4 industrial stocks to know



Are these most important industrial stocks currently on your watch list?

The scholarship today seems to breathe a sigh of relief as Evergrande fears recede and the Fed reassures. At the same time, industrials seem to be shifting into high gear. This would be the case as the latest update on the Fed’s debt reduction plans suggests the economy is recovering as expected. Fed Chairman Jerome Powell said the cuts could end by mid-2022 if the “economic recovery remains on track”. Now how would all of this relate to industrials you might ask? Well, thanks to the somewhat positive outlook for the economy, investors may be targeting industrials among other cyclical sectors.

So some of the biggest names in the industry don’t seem to be slowing down any time soon. Aviation giant Boeing (NYSE: BA) now expects demand for its offerings to skyrocket among Chinese airlines. Specifically, the company predicts that 8,700 new planes will be on order by 2040. This represents an amount of $ 1.47 trillion. During this time, Nucor (NYSE: NUE), an industry-leading steel producer is looking to expand its production capabilities. This is evident, as it now plans to build a new state-of-the-art three million tonne plate processing plant. Overall, I can understand if all of this is driving investors to focus on major industrial stocks now. Here are four to consider in the stock market now.

Best industrial stocks to watch today

Metamaterials is an industrial company whose products are used in a range of applications. She invents and manufactures durable and highly functional materials. Namely, its technology platform encompasses three main capabilities: holography, lithography and wireless detection. These technologies allow major global brands to deliver breakthrough products to Meta Materials customers in 5G, communications, healthcare, aerospace and also clean energy. MMAT stock is currently trading at $ 5.12 at 12:45 p.m. ET.

The company on Wednesday announced a global strategic co-development initiative, called Ideas for Innovation. In essence, this new outreach program will build on ten years of shaping the field of metamaterials science in partnership with top researchers from around the world.

In addition, it would help accelerate the breakthroughs of metamaterials. He also recently announced the appointment of two executives to newly created strategic positions. This would include Shann Kerner, Ph.D., JD, director of intellectual property, and Cindy Roberts, executive vice president of corporate affairs and chief of staff. Dr Kerner will provide in-house expertise and strategic direction for META’s rapidly growing intellectual property portfolio. Given the enthusiasm surrounding the business, will you consider investing in MMAT stocks?

Source: TD Ameritrade CGU

[Read More] The best stocks to buy now? 4 renewable energy actions for your watchlist

Alcoa Company

Following this we have Alcoa Company, one of the largest aluminum producers in the world. The company is a global industry leader in the production of bauxite, alumina and aluminum. It also has a portfolio of value-added cast iron products and selected energy assets. Thereafter, the company continues to build its legacy of revolutionary innovations and best practices that have led to efficiency, safety and sustainability. AA stock is currently trading at $ 48.88 each at 12:45 p.m. ET and has risen over 300% in the past year alone.

On September 20, 2021, the company announced its intention to restart 268,000 metric tonnes per year (mtpa) of aluminum capacity at the Alumar smelter in Brazil, which has been fully downsized since 2015. The first molten metal is expected in the second quarter. 2022, and the total capacity of 268,000 mtpy is expected to be operational in the fourth quarter of 2022.

By 2024, the Alumar smelter will be supplied with 100% renewable energy. “Our decision to restart is based on analysis that shows the smelter can be competitive throughout all cycles, taking advantage of the co-located refinery, a strong workforce, and competitive arrangements. ‘renewable energy,Said John Slaven, Executive Vice President and Chief Operating Officer. With this information, is AA action worth watching right now?

best industrial stocks to buy (AA stock)Source: TD Ameritrade CGU

Honeywell International Inc.

Honeywell is a multinational conglomerate headquartered in North Carolina. In short, it is a Fortune 100 technology company that provides industry specific solutions. It also includes aerospace, building technologies, high-performance materials and technologies, and safety and productivity solutions. That being said, HON stock is currently trading at $ 220.12 at 12:46 p.m. ET, up more than 35% over the past year.

In its latest financial statements released in July, the company said it had exceeded expectations and had a strong second quarter. In summary, it saw sales growth in all four segments, totaling $ 8.8 billion for the quarter. Honeywell also reported net income of $ 1.4 billion. It also ended the quarter with $ 11.4 billion in cash and cash equivalents. Given the impressive financial data, will you consider adding HON stocks to your industrial stock watch list?

best industrial stocks (HON stock)Source: TD Ameritrade CGU

Caterpillar Inc.

Another big name to consider among industrial stocks now would be caterpillar. In short, Caterpillar is primarily a construction machinery and equipment company. As such, it designs, develops and manufactures a wide variety of products for the construction industry. In addition to this, the company also offers its clients financial products and insurance solutions related to the planning of construction projects. All of this, along with its global network of operations, makes Caterpillar the world’s largest manufacturer of construction equipment. As with most industrials stocks, CAT stock would rise with general investor sentiment about reopening trade.

Now, the company’s shares are trading at $ 197.32 a share at 12:46 p.m. ET. The real question now is, would it be a good time to buy CAT shares? Well, on the one hand, the company continues to work hard to extend its current lead in the industry. This month, Caterpillar made two notable pieces. First, the company is now working with the titan of the energy industry Chevron (NYSE: CVX).

The duo are developing hydrogen demonstration projects in transportation and stationary energy applications. Second, Caterpillar also acquired CarbonPoint Solutions, a US-based carbon capture technology company. In doing so, Caterpillar seeks to reduce greenhouse gas emissions from its goods, thereby helping its customers meet their climate goals. Considering Caterpillar’s current momentum, would CAT stock be a top-notch watch for you?

industrial stocks (CAT stock)Source: TD Ameritrade CGU

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



Comments are closed.