ROK - 3 Top Industrial Stocks to Watch in November
It's no secret that global growth has slowed in 2019, and the industrial economy in particular has taken a downturn. The near-term outlook is negative, but long-term investors don't buy stocks with a quarter-by-quarter view. The big question is when the cycle will turn positive again. With this in mind, three companies giving earnings reports in November -- Rockwell Automation (NYSE: ROK), Analog Devices (NASDAQ: ADI), and Deere (NYSE: DE) -- will help to provide answers for investors in stocks ranging across a wide swath of industries.
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The company is one of the leading factory automation companies in the world, and as such, its revenue is other companies' capital spending, making it a key bellwether of overall industrial conditions. The company gives its fourth-quarter results in the middle of November, and aside from the general market commentary, there are three things to keep an eye out for.