PSCI News and Press, PowerShares S&P SmallCap Industrials Portfolio From 05/25/22

How similar will the next three or five years look from the years that immediately preceded the pandemic? And what are the implications for us as global equity investors? We don’t expect anything like the hyperinflation and stagflation we experienced in the 1970s; our outlook s...

Shares of construction supply distributor GMS Inc. (GMS) are off 25% from their January 2022 high as a softening of steel prices combined with higher fuel and labor costs impact. Furthermore, mortgage rates above 5% may signal a cooling off of the red-hot residential real estate marke...

Industrial production increased 1.1% in April following a 0.9% gain in March, a 1.0% increase in February, and an 0.8% rise in January. Total industrial capacity utilization increased 0.8 points to 79.0% from 78.2% in March, the highest since December 2018. Industrial output poste...

Encore easily beats earnings estimates in the first quarter. The absence of debt and the demand push to keep on increasing manufacturing capabilities is bullish long term. Daily chart, valuation, and profitability trends all point to a rising share price here. For further de...

Barnes Group shares continue to make lower lows due to strong headwinds in the Industrial segment. Earnings and sales projections continue to be dialed down. We look at how these trends have been affecting the company's dividend. For further details see: Barnes Group: Di...

Alamo Group has been seeing record revenues, but margins held profits back to some degree. Supply chain issues, chips shortages, inflation, and other risks create a turbulent environment, as demand is still strong, at least for now. Shares have fallen back quite a bit from last ye...

We believe the conflict in Ukraine may turn out to be less critical for equity markets than the upcoming turn we anticipate in the economic growth cycle. In the near term, we expect the S&P 500 Index (S&P 500) to continue to recover from its March trough. We expect the dis...

People are seeing the fragility of supply chains, leading to a policy shift toward regionalization, and that could create new winners and losers among industrials. Efficiency, in many ways, is at the heart of industrial companies’ value proposition, and we believe this should k...

Total industrial capacity utilization increased 0.7 points to 78.3 percent from 77.7 percent in February, the highest since January 2019. Manufacturing output is at its highest level since July 2008 and is 2.9 percent above its December 2019 pre-pandemic level. Over the last 12 mo...

The latest release of the Richmond Fed’s index saw the composite reading rise by 12 points to 13 rather than the modest single-point increase that was expected. The one-month swing in the composite index was on the large side relative to the report’s history. Given t...