Strength Seen in Emerson Electric (EMR): Can Its 5.2% Jump Turn into More Strength?

Emerson Electric Co. (EMR)  shares soared 5.2% in the last trading session to close at $142.85. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.1% loss over the past four weeks.Emerson’s rally is primarily driven by optimism over strong momentum in Intelligent Devices segment. Within the segment, EMR is seeing strength in the Final Control business, driven by solid momentum in power end markets. Also, robust growth across the A ...