2 Very Bullish Signs for U.S. Manufacturing
Heading into the third-quarter earnings season, investors in the manufacturing sector have cause for optimism. The economy looks set for a strong bounce in growth, and other leading indicators are suggesting there's potential upside for certain industries and companies in the U.S. manufacturing sector. That could be good news for Sherwin-Williams (NYSE: SHW), UPS (NYSE: UPS) and Stanley Black & Decker (NYSE: SWK). Let's take a closer look at why the backdrop looks good for these companies.
A lot's been written about the COVID-19 pandemic and its recessionary effect on the economy, but less has been written about the highly unusual nature of the slowdown. This aspect can be seen by comparing the last recession with the current one.
The bulls could be set to run with these three stocks in the third quarter. Image source: Getty Images.
Source Fool.com
