2024-05-21 13:14:44 ET
Summary
- The Industrial sector has underperformed recently, with Utilities and Information Technology leading the market.
- Dover Corporation, a solid dividend payer, is a diversified manufacturer with positive Q1 results and a sanguine growth outlook.
- Dover's valuation is somewhat pricey in my view, but it has strong cash flow and the potential for significant earnings growth next year and in 2026.
- I outline key price levels to monitor as the stock flirts with new all-time highs.
The Industrial sector has attracted many investors and analysts as the AI theme expands into the cyclical area of the economy. But shares of companies operating in this diverse sector have turned less impressive in recent weeks. The big alpha has been confined to Utilities and Information Technology lately....
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For further details see:
Dover: Quality Growth Ahead, But This Dividend Aristocrat Is Fairly Priced