Industrials Up on Strong Earnings — Industrials Roundup
Shares of industrial and transportation companies rose amid earnings strength.
Illinois Tool Works rose after the maker of fasteners, auto parts and other industrial supplies posted quarterly revenue growth.
Shares of Hubbell rose after the maker of electrical and utility infrastructure equipment said the data-center boom was spurring demand for its hardware. Rival Emerson Electric rose ahead of its earnings.
Similarly, shares of aluminum-can maker Ball surged after it said it was able to pass on aluminum cost increases to customers.
Investors are rotating into old economy sectors such as industrials after years of tech leadership, strategists say.
"We recommend investors position for a broadening rally...beyond the tech sector," said Ulrike Hoffmann-Burchardi, chief investment officer, Americas and global head of equities at money manager UBS Global Wealth Management.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 03, 2026 17:46 ET (22:46 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
The 10 Best Companies to Invest in Now
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
4 Stocks to Buy Before They Rise Further
The Top Funds for a Simpler Retirement Portfolio
