Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

3 Industrial Stocks to Buy on the Dip

Stock Markets May 19, 2021 03:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. 3 Industrial Stocks to Buy on the Dip

The industrial sector is now leading the U.S. economy’s resurgence after being severely impacted last year. President Biden’s proposed $2 trillion-plus infrastructure spending bill should further boost the sector’s growth. With this in mind, we think it could be wise to buy the dip in leading players in this space Eaton (NYSE:ETN), Crane (CR), and Atkore (ATKR). So, let’s evaluate these names.The industrial sector was hit hard by the COVID-19 pandemic last year because of business lockdowns and social distancing requirements. However, the easing of restrictions this year on the back of widespread vaccinations is facilitating an impressive recovery by the industrial sector. Furthermore, President Biden’s emphasis on industrial growth in his $2 trillion-plus infrastructure spending proposal is expected to further invigorate the sector.

Total industrial production in the United States increased 16.5% year-over-year in April 2021. If Biden’s American Jobs Plan is passed, aerospace, capital goods, and industrial technology should witness solid growth. Consequently, the sector has been benefiting from favorable investor sentiment, as evidenced by Vanguard Industrial ETF’s (VIS) 15.8% year-to-date returns compared to SPDR S&P 500 ETF Trust’s (SPY) 10.2% gains.

The industrial sector’s growth is highly correlated with economic growth. So, as the economy keeps growing, industrial companies should witness solid business growth. The global market for industrial machinery is expected to grow at a 5% CAGR over the next six years to hit $794 billion by 2027. Given this solid backdrop, we think the recent price dip in Eaton Corporation plc (ETN), Crane Co. (CR), and Atkore Inc. (ATKR) provides a good buying opportunity.

Continue reading on StockNews

3 Industrial Stocks to Buy on the Dip

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email