Transportation, Construction Optimism Lifts Industrials
We expect the U.S. to increase spending on missiles, missile defense, and space militarization.
We expect the U.S. to increase spending on missiles, missile defense, and space militarization.
The Morningstar US Industrials Index outperformed the broader market over the trailing 12 months after a strong first-quarter performance. Farm and heavy construction machinery and construction stocks were the top performers during the quarter amid growing optimism over a U.S. infrastructure spending plan. Strong performance from transportation and logistics stocks (including airlines) boosted the index’s performance as well. Industrial distribution, waste management, and business-services stocks were laggards during the quarter.
Industrials have outperformed overall U.S. equities - source: Morningstar
Brian Bernard does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.