MSM - 3 Hot Megatrends for Smart Investors in 2024 (and 3 Stocks You've Never Heard Of)
2023-12-16 10:20:00 ET
It's always interesting to take a fresh approach in the New Year, and these three stocks offer investors a way to get exposure to long-term thematic trends in the economy. In addition, Emerson Electric (NYSE: EMR) , MSC Industrial Direct (NYSE: MSM) , and Alamo Group (NYSE: ALG) are not household names, so they may fall under the radar of many investors. Here's why they are a good fit for thematic investors.
The last few years have highlighted the need to reduce the complexity of global supply chains, not least as companies have suffered from an inability to procure supplies due to the impact of lockdowns. Furthermore, global tensions are increasing the appeal of consolidating suppliers and shifting manufacturing away from low-labor-cost countries.
In addition, significant productivity advancements in smart factories and digital technology in manufacturing encourage companies to invest in factory automation.
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3 Hot Megatrends for Smart Investors in 2024 (and 3 Stocks You've Never Heard Of)