Over the past year, industrial manufacturers were hit by headwinds of inflation, supply chain issues, and a tight labor supply. Despite this, manufacturing output in January moved up 1%.
With the government looking to boost manufacturing domestically, industrial stocks General Electric Company (GE) and Core Molding Technologies, Inc. (CMT) could be solid buys to cash in on the industry tailwinds. Given their financial strength, these stocks could be relied upon, irrespective of the market’s condition.
