If you have wondered how to play the anticipated resurgence in
manufacturing in the U.S., the industrial equipment industry could be
the place to look for stocks to buy. The logic behind this view is
simple: If the economy is flourishing, manufacturing companies will look
to expand capacity and spending on capital machinery will increase. At
this stage general industrial equipment companies such as Siemens, ABB (NYSE: ABB ) , Parker-Hannifin (NYSE: PH ) , Honeywell International (NYSE: HON ) , and Emerson Electric (NYSE: EMR ) start to look attractive. Investors should also consider more niche market players such as vision machine company Cognex (NASDAQ: CGNX ) or Roper Industries (NYSE: ROP ) . It's time to look closer at the industry.
In essence, the industry represents any item of capital machinery that is sold to an industrial company in order to enable its manufacturing or processing activity. While this traditionally means hardware, investors should recognize that software and information technology are becoming an increasing part of the industry.
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Source: Motley Fool Flickr Account.
What is the industrial equipment industry?
In essence, the industry represents any item of capital machinery that is sold to an industrial company in order to enable its manufacturing or processing activity. While this traditionally means hardware, investors should recognize that software and information technology are becoming an increasing part of the industry.
READ THE FULL ARTICLE LINKED HERE
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