Piper Sandler recommends 11 industrials stocks as US manufacturing booms

businessinsider.com

Piper Sandler recommends buying 11 industrials stocks tied to US manufacturing, calling the trade one of its highest-conviction ideas as factory activity expands. Chief investment strategist Michael Kantrowitz said the ISM Manufacturing PMI rose for a seventh straight month in July. He highlighted Avis Budget, UPS, and Textron among stocks with at least 0.5 price correlation to the index. Kantrowitz expects the hot streak to continue through year-end, with an implied peak in mid-2027. The trend is correlated with improved earnings breadth and easier lending standards.


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Piper Sandler recommends 11 industrials stocks as US manufacturing booms | News Minimalist