Industrials: Sector Fairly Valued Overall, but Industrial Distributors Look Compelling
Industrials has outperformed despite signs of an economic slowdown and fears over tariffs.
The Morningstar U.S. Industrials Index has outperformed the broader U.S. equity market by 3% year to date as of Sept. 24, even amid tariff concerns and mounting signs of an economic slowdown (Exhibit 1).
Industrial stocks are in line with the broad market. - source: Morningstar
Keith Schoonmaker does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.