ABB - These 3 Stocks Are Timely Buys Amid the Market Sell-Off
It's been a difficult year for the stock market, but sometimes tough conditions create buying opportunities in beaten-up stocks. For vastly different reasons, I think Johnson Controls (NYSE: JCI) , Baker Hughes (NASDAQ: BKR) , and ABB (NYSE: ABB) are attractive stocks right now. Here's why.
It's been a disappointing year for the heating, ventilation, air conditioning (HVAC), building products, and controls company. Going into 2022, the company's game plan mirrored much of the industrial sector. The supply chain issues would ease through 2022, leading to substantive margin expansion in the second half as supply chain costs came down and component shortages eased. As such, the company would be ideally placed to deliver on its growing backlog of orders.
Meanwhile, Johnson Controls would continue to make headway with its digital platforms intended to help customers create healthy, clean buildings while reducing carbon emissions by creating smart buildings.
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These 3 Stocks Are Timely Buys Amid the Market Sell-Off