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Industrial Stocks To Watch Today - July 13th

Caterpillar logo with Industrials background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat identified seven industrial stocks with the highest recent dollar trading volume: Caterpillar, Coherent, onsemi, Linde, Eaton, BitMine Immersion Technologies, and Fastenal.
  • The article says industrial stocks often serve as a barometer for the broader economy, since they tend to track manufacturing activity, infrastructure spending, and overall economic growth.
  • The featured companies span a range of industrial niches, from construction equipment and power management to semiconductors, industrial gases, bitcoin mining, and distribution of industrial supplies.
  • Five stocks to consider instead of Caterpillar.

Caterpillar, Coherent, onsemi, Linde, Eaton, BitMine Immersion Technologies, and Fastenal are the seven Industrial stocks to watch today, according to MarketBeat's stock screener tool. Industrial stocks are shares of companies in the industrial sector, which includes businesses that make machinery, construction equipment, aerospace and defense products, transportation services, and other capital goods used by businesses and governments. For stock market investors, these stocks are often viewed as a way to gain exposure to the broader economy, since their performance can be closely tied to manufacturing activity, infrastructure spending, and economic growth. These companies had the highest dollar trading volume of any Industrial stocks within the last several days.

Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Read Our Latest Research Report on CAT

Coherent (COHR)

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and optical and laser systems and subsystems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers.

Read Our Latest Research Report on COHR

onsemi (ON)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

Read Our Latest Research Report on ON

Linde (LIN)

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

Read Our Latest Research Report on LIN

Eaton (ETN)

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.

Read Our Latest Research Report on ETN

BitMine Immersion Technologies (BMNR)

BitMine Immersion Technologies Inc. focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc. is based in ATLANTA, GA.

Read Our Latest Research Report on BMNR

Fastenal (FAST)

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.

Read Our Latest Research Report on FAST

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