5 Best Industrial Stocks to Buy in June 2021

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The industrial sectors encompass companies that produce equipment, supplies and machinery that are used in the manufacturing, power and construction sectors. The majority of these companies are closely related to the economy, with their business volumes getting drastically affected during economic recessions. Many of the top companies in this sector have been dominating for quite some time. However, not all of the industrial stocks have been doing well like the 5 best ones we have selected below.

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1. GrafTech International Ltd. (NYSE: EAF)

Graftech is a manufacturer of carbon-based and graphite products and related services. Some of its most famous products include petroleum needle coke, energy solutions for making steel, silicon metal, electronics, aluminium, and automotive products as well as making graphite electrodes. The company released the financial results for 2021 Q1 in early May 2021. It indicated that the company has experienced a net income fall of 19.2% with a decline in net sales of 4.5% compared to the previous year. According to the company, it is beginning to experience improved demand for graphite electrodes.

If we observe the technical information of the company, we will see that moving averages such as Exponential Moving Average (10)(12.20), Simple Moving Average (10)(12.20), Exponential Moving Average (20)(12.49) and Simple Moving Average (20)(12.70) point towards a sell action. Oscillators such as Relative Strength Index (14)(40.19), Stochastic %K (14, 3, 3)(13.93), Commodity Channel Index (20)(−96.53) and Average Directional Index (14)(23.85), point towards a neutral action. EAF shares closed on June 21st at $11.96 with an uptrend of +2.13%.

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2. Generac Holdings Inc. (NYSE: GNRC)

Generac Holdings Inc. deals with the design and manufacture of power generation equipment and other power products, operating through both Domestic and International segments. The company was founded 1959 and headquartered in Waukesha, WI.  While the international segment comprises tower light, pramac, ottomotors, motortech and selmec businesses, the domestic segment includes the legacy Generac.

On the technical side of things, the Relative Strength Index (14)(77.89), Stochastic %K (14, 3, 3)(95.69), Average Directional Index (14)(29.90) and Awesome Oscillator         (47.17) point towards a neutral action. Moving averages such as Exponential Moving Average (10)(364.98), Simple Moving Average (10)(362.9) and Exponential Moving Average (20)(349.17) point towards a buy action. GNRC shares closed on June 21st at $389.21 with an uptrend of 0.73%

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3. Howmet Aerospace Inc. (NYSE: HWM)

Howmet Aerospace is a well-known name in the world of engineered metal products, providing fasteners, structures, engines and forged wheels to the commercial and aerospace industries. The company released the financial results for 2021 Q1 in early May. The main reason for their revenue decline is the disruptions in the commercial aerospace market due to the falling production of jetliners and the coronavirus pandemic.

When we move to the technical side, oscillators such as Relative Strength Index (14)(48.36), Stochastic %K (14, 3, 3)(18.34) and Commodity Channel Index (20)(−86.14) point towards a neutral action. Moving Averages like Exponential Moving Average (10)(34.46), Simple Moving Average (10)(34.73) and Exponential Moving Average (20)(34.44) point towards a sell action. HWM shares closed on June 21st at $34.07 with an uptrend of +2.65%.

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4. Lennox International Inc. (NYSE: LII)

Lennox International deals in the design, manufacture and marketing of refrigeration, ventilation, air conditioning and heating products. Dave Lennox founded the company in 1895, which is currently divided into 3 business segments: Residential heating and cooling, refrigeration and commercial heating and cooling. The company released its financial results for 2021 Q1 in late April. It showed a net income increase of 552.7% as net sales grew 28.6% compared to the previous quarter. The growth was bolstered by strong growth in the new construction and replacement sectors.

Technical indicators reveal a complete story.  Moving Averages such as Exponential Moving Average (10)(331.67), Simple Moving Average (10)(332.87), Exponential Moving Average (20)(335.63) and Simple Moving Average (20)(338.90) point towards a sell action. On the other hand, oscillators such as Commodity Channel Index (20)(−108.85), Stochastic %K (14, 3, 3)(13.68) and Momentum (10)(−12.62) indicate a buy action. LII shares closed on June 21st at $328.55 with an uptrend of +2.33%.

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5. Seaboard Corp. (NYSE: SEB)

Seaboard Corporation operates in the international transportation and agribusiness sectors, mostly producing domestic pork and ships cargo. The company also deals in mills flour, feed, farms, produce, sugar and electric power generation. Headquartered in Merriam, KS, the company was founded in 1918 by Otto Bresky.

Taking a closer look at the technical side of things reveal that Relative Strength Index (14)(61.19), Stochastic %K (14, 3, 3)(75.25), Average Directional Index (14)(14.15) and Awesome Oscillator(75.21) point towards a neutral action. On the flip side, Exponential Moving Average (10)(3791.43), Simple Moving Average (10)(3788.49) and Simple Moving Average (20)(3740.49) point towards a buy action. SEB shares closed on June 21st at $3826.07 with an uptrend of +0.19%.

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Conclusion

The industrial sector as a whole has generally outperformed the broader market, providing attractive returns of more than 50% in many cases. Growth, value and momentum are the three main metrics to be considered while searching for such companies.

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About Prodosh Kundu PRO INVESTOR

Prodosh Kundu is the Founder & CEO of SERP Consultancy, a prominent Digital Marketing Company in Kolkata, India. Starting his career in 2004, he is a Google AdWords certified internet marketing professional, SEO consultant, strategist, and analyst. With his strong understanding of financial market regulations, stocks, blockchain technology, cryptocurrency, & forex, Prodosh has written thousands of articles, blogs, broker reviews, guides, and offered critical analysis & recommendations on investment opportunities!