Factory orders growth signals macro tailwinds for these four stock picks.
Context
What happened: U.S. factory orders rose in August, driven by demand for electrical equipment and appliances despite higher prices and elevated oil costs.
Key numbers: Factory orders up 0.1% sequentially in August, 6.8% year over year. Electrical equipment and appliances orders up 1.1%. Machinery orders up 1.1%.
Why it matters: The content states robust demand kept propelling manufacturing activity despite headwinds from record diesel prices and higher tariffs, which it says bodes well for the sector. It names $CAT, $ZBRA, $AIT and $HLIO as stocks to consider.
Why it matters
The content states robust demand kept propelling manufacturing activity despite headwinds from record diesel prices and higher tariffs, which it says bodes well for the sector. It names $CAT, $ZBRA, $AIT and $HLIO as stocks to consider.