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Stock impact report

5 Industrial Products Stocks to Buy on Jump in Factory Orders [Yahoo! Finance]

Applied Industrial Technologies, Inc. (AIT) 
Last applied industrial technologies, inc. earnings: 4/30 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.applied.com/home
Company Research Source: Yahoo! Finance
Census Bureau reported last week that new orders for manufacturing goods increased $9.1 billion in March, up 1.6% month over month and in line with the consensus estimate. March was also the second consecutive month of growth in factory orders after new orders for manufactured goods rose 1.2% in February. Shipments jumped $1.5 billion, or 0.3%, to $583.3 billion, after increasing 1.4% in February. New orders for manufactured durable goods rose $7.3 billion, or 2.6%, to hit $283.3 billion. The jump in March was led by robust orders for transportation equipment, which rose $6.9 billion, or 7.8%, to hit $95.9 billion, recording its second straight month of increase. Although inflation is still high and high interest rate-induced price pressures continue to batter industries, the manufacturing sector is slowly trying to get back on its feet. Inflation declined from its peak of 9.1% in June 2022 to 3.5% in March 2024, which raised hopes that the Federal Reserve will soon start ra Show less Read more
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