Stocks

4 Promising Industrial Manufacturing Stocks to Watch as Supply Chains Improve

Published July 23, 2024

The manufacturing sector, a cornerstone of the industrial economy, is witnessing a resurgence thanks to strengthening end-market demand and the gradual improvement in supply chain dynamics. Specifically, the Zacks Manufacturing - General Industrial industry is positioned to capitalize on these trends. Companies operating within this space are poised to thrive as they leverage robust market demand, technological advancements, and supply chain enhancements. There are several key players that have shown particular promise, with stocks that investors should consider.

Strength in Diversity: Ingersoll Rand Inc. IR

IR — Ingersoll Rand Inc., with its inception dating back to 1859, stands as a formidable force in the industrial equipment sphere. It prides itself on its broad portfolio of technologies and services, catering to a diverse customer base through various esteemed brands. The company's legacy and innovation have cemented its stature in the industry, making it a solid pick for investment in the thriving general industrial space.

The Conglomerate Edge: Dover Corporation DOV

DOV — Dover Corporation represents a conglomerate with its fingers in many pies, manufacturing a range of industrial products that serve multiple sectors. From its roots in NYC in 1955 to its current base in Downers Grove, Illinois, Dover has become synonymous with versatility and adaptability in the ever-evolving manufacturing landscape. Its extensive reach across industries presents a strong case for its growth and resilience as a potential investment.

Flow Management Specialists: Flowserve Corporation FLS

FLS — The Flowserve Corporation stands out in the industrial flow management equipment sector. This company's expertise in design, development, manufacturing, distribution, and servicing is global in its reach, extending from the Western Hemisphere through to the Middle East and Asia Pacific regions. Headquartered in Irving, Texas, Flowserve's solutions are critical to the operations of a vast array of industries, affirming the company's importance and potential upside in the stock market.

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