This sector has begun to recover from its downturn caused by the pandemic. It is seeing an increase in industrial production and increased economic activities. This, along with the government’s infrastructure spending plans, bode well for fundamentally strong industrial stocks Granite Construction (NYSE:) and Heritage-Crystal (HCCI). These shares have strong growth potential. We expect them to rise in value in the immediate future. Read on.A faster-than-expected economic recovery from the depths of the COVID-19 pandemic-induced recession, coupled with the resumption of construction activities and growing demand from the manufacturing sector, are contributing to the industrial sector’s rebound. Federal Reserve data show that total industrial production increased 5.9% in August year-over-year.

Investor optimism surrounding the industrial sector’s prospects is evidenced by the Industrial Select Sector SPDR Fund’s (XLI) 26.9% returns over the past year. Furthermore, President Biden’s bipartisan infrastructure bill proposal, which is expected to be passed at the end of this month, should bolster the demand for industrial goods.

We believe it would be prudent to place a bet on the prominent industrial stocks Granite Construction Incorporated, (GVA), and Heritage-Crystal Clean, Inc, (NASDAQ:). Due to their solid growth potential, and strong financials these stocks will continue to rise in price.

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