Industrials may be a good investing bet
Within the world of financial markets, ?industrials? are considered to be those companies that manufacture, produce or distribute goods and/or services. Currently analysts are focusing on companies that will benefit most as capital-spending recovery finally takes hold.
Below is a list of equities that may be classified as ?industrial?. Considering the fickle nature of the market, investors would be wise to gravitate towards larger cap stocks with stable dividends and proven results.
Illinois Tool Works
Symbol: ITW
Exchange: NYSE
52 Week High: $90.47
52 Week Low: 60.94
Closing Price ? Mid Week May 24th, 2004: $89.70
Illinois Tool Works Inc. designs and produces an array of highly engineered fasteners and components, equipment and consumable systems, and speciality products and equipment for customers around the world
Last week the company reported an operating revenue increase of 21 percent for the three months ended April 30, 2004.
This is relatively stable industrial play for most portfolios, and should be considered a viable candidate for one?s book of investments.
American Standard Co.
Symbol: ASD
Exchange: NYSE
52 Week High: $115.63
52 Week Low: $69.92
Closing Price ? Mid Week May 24th, 2004: $111.53
American Standard is a global, diversified manufacturer of high quality, brand-name products in three major product groups: air conditioning systems and services; bathroom and kitchen fixtures and fittings; and vehicle control systems for medium-sized and heavy trucks, buses, trailers and utility vehicles. American Standard is among the three largest providers of products it manufactures in each of its three major business segments in the USA.
Earning per share went up 31 percent to 1.14 (per share) in the first quarter, and second quarter numbers should hold some consistency in the same manner of growth.
Should you wish to include companies form the industrial sector in your portfolio, these two examples would be good candidate for consideration.
Before implementing any changes in your portfolio it is advisable that you seek the advice of an investment professional.
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