Amid headwinds in the broader economy teetering on the brink of a Fed-induced recession, investors could load up on fundamentally strong industrial stocks Caterpillar Inc. (CAT), Powell Industries, Inc. (POWL), and LSI Industries Inc. (LYTS) to capitalize on the government-aided increase in industrial and manufacturing activity.
Amid souring relationship and rising tensions between the U.S and China, not helped by Xi Jinping’s ascension to an unprecedented third term in power, there is an ever-increasing imperative for the American economy to become self-reliant in manufacturing and critical infrastructure in an increasingly fragmented world that also needs to manage an energy transition to combat the common threat of climate change.
