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Industrial Stocks
Industrial stocks are companies that manufacture industrial products such as tools, machinery, and building supplies. However, this broad industry can also include companies engaged in the transportation, shipping, and logistics spaces. It includes companies that produce capital goods, those who make the tools for others to build them, and those that transport them. Some of the industry’s most popular stocks include Honeywell and General Electric.
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Long term, the giant contractors have strong hopes to keep thriving, including robust new contracts with foreign governments and nondefense deals.