December 12, 2024

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7 American Manufacturing Stocks to Buy

1 min read
7 American Manufacturing Stocks to Buy Before Recovery

Image source: Shutterstock. Article by Louis Navellier and the InvestorPlace Research Staff, Editor, Growth Investor.

This sector looks to be coming back from an 11-year low.

The Institute for Supply Management supplies a monthly look at the U.S. manufacturing market. In April, that index hit an 11-year low.

But since then, the numbers have been rising. They’re not going wild, but they’re rising.

You have seen this in the housing market where new home purchases are growing — mortgage demand is increasing — and in other spots that show the consumer moving back into the economy and taking advantage of low interest rates.

This is why the consumer is so fundamental to the economy. When they are buying durable goods and housing, manufacturers benefit from the increased demand.

These 7 American manufacturing stocks to buy now are benefiting from the expanding consumer demand for goods. And they should benefit further as the U.S. economy rights itself and starts to grow again. […]

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