Industrial Production Boosts Manufacturing Activity: 5 Picks

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The U.S. manufacturing sector is trying to make a solid rebound on higher demands which is driving production at factories. The rebound follows months of struggle for the manufacturing sector that saw...

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The rebound follows months of struggle for the manufacturing sector that saw...</p>\n\n<a href=\"https://finance.yahoo.com/news/industrial-production-boosts-manufacturing-activity-121900203.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1165135440.EUR","symbol_name":"BNP Paribas Aqua Classic Cap EUR","start_time":0,"source_url":"https://finance.yahoo.com/news/industrial-production-boosts-manufacturing-activity-121900203.html","article_id":"2428591016","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/QWVazwE6i0hMS5uV9KSFNw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f456c677834b6ac781c28c397cdbf503"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428591016","pubTimestamp":1713442740,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The U.S. manufacturing sector is trying to make a solid rebound on higher demands which is driving production at factories. The rebound follows months of struggle for the manufacturing sector that saw demand slowing as higher borrowing rates weighed on the economy.The Federal Reserve reported on Apr 16 that industrial production rose 0.4% in March, in line with the consensus estimate and the same as in February. Manufacturing output increased 0.5% in March. February’s numbers were revised 1.2% upward from the initially reported 0.8% increase.Year over year, production at U.S. factories jumped 0.8% in March. The jump in March can be attributed to a solid rise in the output of motor vehicles and parts which increased 3.1% after rising 3.4% in February. Factory output for durable goods increased 0.3%. Production of non-durable goods jumped 0.7%. A. O. Smith Corporation is one of the leading manufacturers of commercial and residential water heating equipment and water treatment products in","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","BK4096":"电气部件与设备","LU1543694498.USD":"法巴水资源基金RH MD Dis","BK4161":"工业机械","AOS":"A.O.史密斯","AIT":"应用工业技术","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LXFR":"Luxfer Holdings","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4182":"重型电气设备","HUBB":"哈勃集团","BK4104":"贸易公司与经销商","BK4585":"ETF&股票定投概念","BK4086":"建筑产品","AZZ":"Azz Inc","BK4588":"碎股"},"translate_title":"工业生产促进制造业活动：5个选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AOS":1,"LXFR":1,"HUBB":1,"AZZ":1,"AIT":0.9,"US912797FS14.BOND":0.6,"US30Y.BOND":0.6,"US3Y.BOND":0.6,"US912797HH31.BOND":0.6,"US5Y.BOND":0.6,"US6M.BOND":0.6,"US7Y.BOND":0.6,"US912796CX52.BOND":0.6,"US912797FH58.BOND":0.6,"US912797GB79.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GW17.BOND":0.6,"US912797HE00.BOND":0.6,"US912797HG57.BOND":0.6,"US2Y.BOND":0.6,"US12M.BOND":0.6,"US10Y.BOND":0.6},"content_text":"The U.S. manufacturing sector is trying to make a solid rebound on higher demands which is driving production at factories. The rebound follows months of struggle for the manufacturing sector that saw demand slowing as higher borrowing rates weighed on the economy.\nThe Federal Reserve reported on Apr 16 that industrial production rose 0.4% in March, in line with the consensus estimate and the same as in February. Manufacturing output increased 0.5% in March. February’s numbers were revised 1.2% upward from the initially reported 0.8% increase.\nYear over year, production at U.S. factories jumped 0.8% in March. The jump in March can be attributed to a solid rise in the output of motor vehicles and parts which increased 3.1% after rising 3.4% in February. Factory output for durable goods increased 0.3%. Production of non-durable goods jumped 0.7%\nManufacturing accounts for 10.4% of the economy. Manufacturing activity is finally showing signs of a turnaround. The Federal Reserve adopted a strict monetary tightening campaign to combat 40-year-high inflation that saw it hiking interest rates by a whopping 525 basis points to take its benchmark policy rate in the current range of 5.25-5.5%.\nThis saw inflation decline sharply, but higher borrowing costs started slowing demand and orders dried up. The Federal Reserve has left interest rates unchanged since July 2023.\nEasing price pressure is once again boosting orders, which is driving manufacturing activity. Earlier this month, the Commerce Department reported that new orders for U.S.-made manufactured goods rose 1.4% in February.\nAlso, the Institute for Supply Management’s (ISM) survey showed that its manufacturing PMI jumped to 50.3 in March, the first and highest reading above 50 since September 2022.\nOur Choices\nGiven this scenario, it would be ideal to invest in five stocks from the manufacturing sector — Hubbell Incorporated HUBB, A. O. Smith Corporation AOS, AZZ Inc. AZZ, Applied Industrial Technologies, Inc. AIT and Luxfer Holdings PLC LXFR— that we have detailed below. These stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and assure good returns. You can see the complete list of today’s Zacks #1 Rank stocks here.\nHubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products to commercial, industrial, utility and telecommunications markets. HUBB’s products include plugs, receptacles, connectors, lighting fixtures, high-voltage test and measurement equipment, and voice and data signal processing components.\nHubbell Incorporated’s expected earnings growth for the current year is 7.2%. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the past 60 days. HUBB currently carries a Zacks Rank #2.\nA. O. Smith Corporation is one of the leading manufacturers of commercial and residential water heating equipment and water treatment products in the world. AOS specializes in offering innovative and energy-efficient solutions and products, which are developed and sold on a global platform.\nA. O. Smith’s expected earnings growth for the current year is 7.6%. The Zacks Consensus Estimate for current-year earnings has improved 1.2% over the last 60 days. AOS currently carries a Zacks Rank #2.\nAZZ Inc. is a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services to the markets of power generation, transmission, distribution and industrial in protecting metal and electrical systems used to build and enhance the world's infrastructure.\nAZZ Inc.’s expected earnings growth for the current year is 23.9%. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the past 60 days. AZZ, at present, sports a Zacks Rank #1.\nApplied Industrial Technologies, Inc. is a distributor of value-added industrial products — including engineered fluid power components, bearings, specialty flow control solutions, power transmission products and miscellaneous industrial supplies. AIT’s products are mainly sold to original equipment manufacturers, and maintenance, repair, and operations customers in Australia, North America, Singapore and New Zealand.\nApplied Industrial Technologies’ expected earnings growth for the current year is 8.5%. The Zacks Consensus Estimate for current-year earnings has improved 1% over the past 60 days. AIT currently sports a Zacks Rank #1.\nLuxfer Holdings PLC is a materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders. LXFR has two divisions, Elektron and Gas Cylinders.\nLuxfer Holdings PLC’s expected earnings growth for the current year is 21.3%. The Zacks Consensus Estimate for current-year earnings has improved 111.4% over the past 60 days. LXFR currently has a Zacks Rank #2.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nA. O. Smith Corporation (AOS) : Free Stock Analysis Report\nApplied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report\nAZZ Inc. (AZZ) : Free Stock Analysis Report\nLuxfer Holdings PLC (LXFR) : Free Stock Analysis Report\nHubbell Inc (HUBB) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428591016"}