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4 Top Industrial Stocks to Buy in October By StockNews


© Reuters. The Top 4 Industrial Stocks To Buy In October

Despite investors’ concerns over the economic recovery due to the continuing spread of the COVID-19 Delta variant and high inflation, the industrial sector has been attracting much attention, due primarily to President Biden’s proposed infrastructure bill. We believe it would be wise to buy shares in quality industrial stocks Nordson, Crane (CR), Culp(CULP) and Core Molding. These stocks are likely to rise in value this month and beyond. Let’s take a close look.The resurgence of COVID-19 cases and the inflationary environment have been concerns for investors looking to benefit from the economic recovery. However, the Fed’s unabated near-zero interest policy, a rapid vaccination program, and supportive government policies have boosted the industrial sector’s growth.

The $1 trillion-dollar bipartisan infrastructure bill proposed by President Biden, including $550 billion of new funding for roads, bridges and rails among other areas, will likely help to boost the sector’s growth in the months ahead. Chuck Schumer, Senate Majority Leader, stated that he hopes to have the bill passed before the end of October.

This backdrop suggests that we believe the share prices of strong industrial companies Nordson Corporation, Crane Co., Crane Co., Culp, Inc., Culp, Inc., and Core Molding Technologies, Inc. (CMT), could skyrocket this month. You might be wise to buy their shares right away.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.