Durable Goods Orders Jump 16.5%—Top 3 Stocks to Own Now

Investors got a nice surprise on June 26 from the latest reading on durable goods orders. The number showed a whopping increase of 16.5%. Not only was this larger than the 8.5% increase that was forecast, but it was also an impressive reversal of the 6.5% decrease in durable goods orders in April. Digging deeper, the reason for the stronger-than-expected reading was a substantial increase in transportation equipment. Excluding that, orders were up 0.5%. However, that still exceeded the forecast for flat ord ...