Stock Sector: Driving Force for the Rally: Industrial

August 11, 2020, 1:29 pm EDT

Driving Force for the Rally: Industrial

Overall stock markets performed very well on a monthly, weekly or even daily basis. As shown in the sector bar, industrial scored an impressive near +15% gain in the past 30 days. Furthermore, the engine keeps running for the past week and even today. Thus, it is important to have industrial stocks in the portfolio holdings in order to participate in this rally. Following areas within industrial sector are worth of attention with represented stocks:

  • Aerospace, Defense: BA, RTX, NOC, LMT, TDG, GD
  • Heavy Equipment: CAT, DE
  • Transport: UPS, FDX

Some stocks are extended from the base but some of them are still forming a base before breaking out. Thus, there are still opportunities to get into them either during pullback or breakout moment.

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