5 Manufacturing Stocks to Buy Despite Mixed PMI in May [Yahoo! Finance]
Applied Industrial Technologies, Inc. (AIT)
Last applied industrial technologies, inc. earnings: 4/30 06:30 am
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Source: Yahoo! Finance
The Institute of Supply Management (ISM) reported that the manufacturing purchasing managers' index (PMI) came in at 48.7% in May compared with 49.2% in April. Any reading below 50% indicates a contraction in manufacturing activities. Notably, the ISM manufacturing PMI has been in contraction territory since October 2022 barring March this year. Surprisingly, S&P Global reported that flash U.S. Manufacturing PMI came in at 50.9% in May compared with 50% in April, reflecting a two-month high. Similarly, the flash U.S. Manufacturing Output Index came in at 52.4% in May compared with 51.1% in April, also reflecting a two-month high. Meanwhile, the Zacks Manufacturing – General Industrial industry is poised for growth on the back of easing supply-chain disruptions. Despite a slowdown in manufacturing activities, strength across prominent end markets should help the industry stay afloat. The industry is currently in the top 26% of the Zacks Industry Rank. In the past year, the Genera
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News
- Is Applied Industrial Technologies (AIT) Outperforming Other Industrial Products Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- 4 Industrial Stocks to Buy on a Jump in Durable Goods Orders [Yahoo! Finance]Yahoo! Finance
- If You Invested $1000 in Applied Industrial Technologies a Decade Ago, This is How Much It'd Be Worth Now [Yahoo! Finance]Yahoo! Finance
- Here's Why Applied Industrial (AIT) is an Attractive Pick Now [Yahoo! Finance]Yahoo! Finance
- Investing in Applied Industrial Technologies (NYSE:AIT) five years ago would have delivered you a 287% gain [Yahoo! Finance]Yahoo! Finance
AIT
Earnings
- 4/25/24 - Beat
AIT
Sec Filings
- 5/30/24 - Form SD
- 5/21/24 - Form 4
- 4/26/24 - Form 10-Q
- AIT's page on the SEC website