Good morning,
Investors may get tired of hearing investing advice such as "skate where the puck is moving." But the reason these phrases exist is because they're true. One sector that is one of the best predictors of economic activity is the manufacturing sector.
Every month, one of the leading economic indicators is the reading of the ISM Manufacturing Index. When investors see a number over 50, it tells them economic activity is expanding. By contrast, if that number is under 50, it indicates the economy is contracting.
In April 2024, the ISM index was 54.60, its strongest reading in 20 months. In a time of conflicting economic data, this is one sign that the economy may be better than some analysts expect.
In other words, it may be telling you where the puck is moving.
If it is, now is the time to look for manufacturing stocks. That's the focus of this special presentation. Many of these stocks tend to follow the performance of the sector. This cyclical nature was on display in 2023, which was a down year for many stocks.
But if the sector is recovering and possibly getting ready to outperform the broader market, it's time to position yourself for that growth by looking at the manufacturing stocks in this presentation.
View the 7 Manufacturing Stocks to Buy as Sector Activity IncreasesThe InsiderTrades.com Team
If you have questions about your subscription, feel free to contact our U.S. based support team via email at contact@marketbeat.com.
If you no longer wish to receive email from InsiderTrades.com, you can unsubscribe.
© 2006-2024 MarketBeat Media, LLC.
345 N Reid Place, Suite 620, Sioux Falls, SD 57103. United States.