Due to the fact that the sector of industrial stocks suffered from a dip during 2018, with China/US trade wars raging across the economy of both countries, which is why many investors decided to ditch their industrials stocks.
However, despite the drop by -13% on the Industrial Select Sector SDPR fund that took place in 2018, 2019 might be a more favorable year for investing in such sensitive sector like industrials stocks.
What are some of the best and top performing industrials stocks to invest in 2019?
Best Industrials Stocks: Corning (GLW)
Glass is less likely to win the sympathy of the industrials sector; however, Corning is showcasing favorable growth rates with producing fiber optics for data centers and telecom networks.
This is why Corning is showcasing double-digit growth in revenue, consequently having GLW represent some of the most attractive industrials stocks in 2019.
With the increasing popularity of cloud computing, the evolution of 5G and the rising usage of data, the demand for fiber optics is also rising, driving growth to Corning and GLW shares.
Best Industrials Stocks: CSX (CSX)
Trains may appear as a part of the history; however, these heavy railroad giants are still a crucial part of the US economy.
CSX, a company operating with 21,000 miles of tracks in Quebec, Ontario and the Eastern US, is proving the concept right, as the company is managing to show growth by embracing advancements in transportation and working on intermodal transportation parts.
The company’s market cap is set at 60.4 billion dollars, with having CSX freight volumes enhanced and boosted by the resilience of the housing market as well as automotive sector.
Best Industrials Stocks: Xylem Inc. (XYL)
The sector of water treatment is showcasing a justified growth, especially overseas, which Xylem Inc realized in time.
That is why Xylem decided to expand their business and shift towards markets that would appreciate water treatments, that way targeting South East Asia, China and the Middle East.
These are all areas where the population is growing in an accelerated manner, while clean water sources are decreasing.
With surge in demand for water treatment, Xylem is showcasing growth, while XYL represent a profitable investment.
Image Credit: Photo by Patrick Hendry on Unsplash