2023 has been a great year for the stock market: The Nasdaq Composite has rocketed 31.1% higher, and the S 500 is up over 15%. But not all stocks have joined the party.

Air Products and Chemicals (NYSE: APD), Northrop Grumman (NYSE: NOC), and Trimble (NASDAQ: TRMB) are all underperforming the major indices. Air Products and Northrop Grumman are down year to date, and Trimble remains down 45% from its all-time high.

Here's why each out-of-favor industrial stock is worth buying now.

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Source Fool.com