Honeywell (NASDAQ: HON) is considering strategic options for its logistics-focused business units, as part of its restructuring to focus on automation. CEO Vimal Kapur says this aligns with their goal of concentrating on industrial, process, and building automation. The review process will not affect the planned spin-offs of other divisions. Jim Masso has been appointed to lead the process automation division. HON shares declined 0.24% premarket. Lockheed Martin leads in capital efficiency in the defense sector, but market response is lackluster.
Maganomics is Trump's economic plan to boost domestic manufacturing, attracting investors and causing divided opinions. ETFs heavy in manufacturing may benefit.
There is a classification system that separates the +5,000 publicly traded U.S. stocks into 11 sectors representing key areas of the economy. Choosing the right sectors can be a challenge so this article should help with that.
Insights on investment opportunities in the economy from a Benzinga interview with Michael Sayers, including $1 trillion in infrastructure spending and potential growth in technology and clean energy sectors.
According to Fidelity's sector managers, the most promising opportunities for 2024 may lie in Materials, Industrials, and Consumer Discretionary sectors.
The world's biggest economy expanded at the fastest pace in nearly two years, with GDP rising 4.9% annually, more than twice from the 2.1% growth recorded in the second quarter. Many ETFs will likely benefit from these solid GDP numbers.
The equity market is beginning to see a “fits-and-starts” recovery amid hopes that the Federal Reserve may soon start to pivot or at least pause in light of a thaw down in inflationary pressure.
The drone industry is on pace to grow at a staggering rate. Wall Street sharps are well aware of the opportunity. This is why on Wednesday, AdvisorShares an investment firm with assets under management (AUM) of $2 billion unveiled its AdvisorShares Drone Technology ETF (NYSEARCA:UAV), which is a thematic fund that aims to deliver investment exposure to unmanned aerial vehicles (aka drones) and autonomous vehicles.
The industrial sector is expected to remain strong as improving labor market conditions highlights brighter prospects. Against this backdrop, we will take a look at ETFs exposed to the industrial sector.
The latest ISM Manufacturing Purchasing Managers' Index (PMI) data for the United States is painting a rosy picture for the industrial sector. The metric rose to 59.9 in August from 59.5 in July and surpassed forecasts of 58.6, per Reuters.
The industrial sector, which faced disruption in global supply chains and factory closedowns, is expected to rebound on recovery from the coronavirus-led slump. Against this backdrop, investors can still keep a tab on the following ETFs.
Wall Street had a decent run on the bourses in May despite intensifying concerns about the rising inflation levels. The Dow Jones Industrial Average rose 1.9% last month. Moreover, there was a 0.6% increase in the S&P 500 Index during May.
