5 Solid Stocks to Buy on a Solid Jump in Factory Orders
AOSA. O. Smith(AOS) Zacks Investment Research·2024-01-09 00:18

The struggle continues for the U.S. manufacturing sector, but the picture is finally looking brighter with the sector making a solid effort to stage a rebound. Cooling inflation is once again driving demand that has seen orders at U.S. factories picking up lately. New orders for U.S.-made factory goods increased 2.6% in November, surpassing economists’ expectations of a rise of 2.1%, the Census Bureau said on Jan 5. The rebound came after a 3.4% decline in October. Year over year, factory orders increased 0 ...