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Quarter-End Insights

Industrials: Most of Our Coverage Is Fairly Valued, but Business Services Looks Attractive

Equipment-rental firms are also worth watching.

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The Morningstar US Industrials Index has matched the broader U.S. equity market in 2019, despite investor concerns about trade tensions and a potential economic downturn (Exhibit 1).


Industrial stocks have slightly outperformed the broader market. - source: Morningstar

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Brian Bernard does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.