Investors continue to gravitate toward megacap growth stocks that show no signs of slowing down.
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GE Aerospace has outperformed its industrial sector peers over the past year, and analysts are highly optimistic about the stock’s prospects.
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Rockwell Automation has lagged the broader market over the past year, and analysts are cautious about the stock’s prospects.
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AMETEK has lagged the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.
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United Rentals is expected to release its fiscal second-quarter earnings this month, and analysts project a single-digit profit increase.
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IDEX is expected to release its fiscal second-quarter earnings this month, and analysts project a high-single-digit profit dip.
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Fastenal has underperformed the industrials sector over the past three months, and analysts are cautious about the stock’s prospects.
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Parker-Hannifin has underperformed other industrial stocks over the past three months, but analysts are optimistic about the stock’s prospects.
The communications sector could have more room to run, given its reasonable valuation and growth potential.
With Ingersoll Rand’s above-market returns over the past year, Wall Street analysts are optimistic about its prospects.