Despite market volatility, the equipment sector has performed relatively well. A gradual return to normality in global supply chains and increasing raw material availability have helped U.S. manufacturing turn the corner, but persistent labour shortages and low inventories remain an issue.
Despite the near-term challenges, we think adding fundamentally sound equipment stocks Compagnie de Saint-Gobain S.A. (CODYY), EnerSys (ENS), and Preformed Line Products Company (PLPC) could be wise now.
