Wall Street Shifts to Industrials: 3 Stocks to Buy

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2▲3 ▼0Impact / 5
Summary · why it matters

Investors are rotating from technology into industrial stocks, with the S&P 500 Industrials Sector Index gaining 17.7% year-to-date versus 15.6% for information technology, and rising 5% in the past month while tech fell nearly 5%. Caterpillar shares have surged 175% over the past year, reporting first-quarter revenue of $17.4 billion and a record backlog of $63 billion, though its forward price-to-earnings ratio has climbed to 41.6. Hubbell completed its $3 billion acquisition of NSI Industries and posted first-quarter earnings per share of $3.42, with management guiding for full-year EPS of $17.45 to $18. Mueller Industries saw first-quarter revenue rise to $1.19 billion and net income jump to $259 million, ending the quarter with $1.38 billion in cash and no debt, and analysts see roughly 20% upside to its mean price target of $149.

Impact on assets 3

Energy Transition & Power Demand▲ · 2 stocks
Caterpillar Inc
CAT
▲ PositiveDemandrelevance

Record backlog of $63 billion and strong Q1 revenue of $17.4 billion indicate robust end-customer demand.

Hubbell Inc
HUBB
▲ PositiveCapitalrelevance

Completed $3B acquisition of NSI Industries and posted strong Q1 EPS with raised full-year guidance.

Industrials▲ · 1 stocks
Mueller Industries Inc
MLI
▲ PositiveCapitalrelevance

Q1 revenue and net income surged, strong balance sheet with no debt, and analysts see 20% upside.

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