Applied Industrial Technologies (AIT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Sinc ...

The Zacks Manufacturing – General Industrial industry is poised to benefit from improving supply chains, resulting in easier availability of raw materials and faster deliveries. Despite a slowdown in manufacturing activities, strength across prominent end markets should help the industry stay afloat.Investments in product development and technological advancements, and focus on expanding operations through strategic acquisitions are expected to boost the industry’s growth. Ingersoll Rand Inc. (IR) , Dover C ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June13th:Kirin (KNBWY) : This company which is engaged in the manufacture and sale of alcohol beverages and soft drinks, and an increasingly strong presence in advanced research and technology, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.Kirin’s shares gained 0.5% over the last three month compared with th ...

The U.S. manufacturing sector is yet to recover fully from its prolonged contraction. 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 ...

Washington DC, June 06, 2024 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR), the inventor and licensor of patented SPD-Smart film light-control technology, and AIT Group, a fully-integrated premier manufacturer of advanced functional glass solutions, and licensee of Research Frontiers’ technology, announced today the introduction of a breakthrough retrofittable SPD-SmartGlass window. Introducing the Thermolite RetroWAL SPD system! This innovative product will be unveiled for the first time at th ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Applied Industrial Technologies (AIT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Applied Industrial Technologies is a member ...

Applied Industrial Technologies (AIT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ...

Several industrial products stocks are standing out among the Zacks Rank #1 (Strong Buy) list with 16 companies coveting spots from the sector.Even better, here are three of these industrial products stocks that are highly recommended by brokers as well and have an average broker recommendation of 1.0 on a scale of 1 to 5 (Strong Buy to Strong Sell).Applied Industrial Technologies (AIT) : Well known for its engineering, design and system integration services, all four of the brokers covering Applied Industr ...

The U.S. manufacturing sector is trying to bounce back from its earlier lows. The U.S. Census Bureau reported last week that new orders for manufacturing goods increased $9.1 billion in March, up 1.6% month over month and in line with the consensus estimate.March was also the second consecutive month of growth in factory orders after new orders for manufactured goods rose 1.2% in February.Shipments jumped $1.5 billion, or 0.3%, to $583.3 billion, after increasing 1.4% in February. New orders for manufacture ...

It’s been three weeks since Reddit (NYSE:RDDT) priced its shares at $34 for its initial public offering. Reddit stock gained 48.4% in its first-day return. By Mar. 26, it traded as high as $74.90, more than double its IPO price. One reason RDDT stock did so well early in its run as a public company was the launch of options for the community platform company. Approximately 90,000 options traded on Mar. 25, the first day they were available. “The action is on the call side and collected around the upside,” R ...