Q3 Preview: Mizuho Picks Top Electrical Equipment & Multi-Industry Stocks

What happened: Mizuho named five top picks in industrials and electrical equipment ahead of the third quarter 2026 earnings season, citing expected strong order momentum from data center expansion and short-cycle acceleration. Key numbers: XLI fell about 10% in the third quarter; ISM above 50 for nine consecutive months. Why it matters: Mizuho expects beats to be the baseline, with investor focus shifting to backlog conversion and pricing power amid hotter inflation. It views IDEX as having moved from short-cycle laggard to orders leader and calls AIT the clean Market: -1.1% today ($330.14), +27.6% YTD, 0.2x vol — as of 15:17 UTC

Mizuho named five top picks in industrials and electrical equipment ahead of the third quarter 2026 earnings season, citing expected strong order momentum from data center expansion and short-cycle acceleration.

Mizuho expects beats to be the baseline, with investor focus shifting to backlog conversion and pricing power amid hotter inflation. It views IDEX as having moved from short-cycle laggard to orders leader and calls AIT the clean Market: -1.1% today ($330.14), +27.6% YTD, 0.2x vol — as of 15:17 UTC