DNOW’s Stock Price Can Move Sideways For Now
NOW Inc. (DNOW) distributes maintenance, repair and operating (or MRO) supplies to the upstream, midstream, and downstream industries, as well as to the manufacturing, aerospace, automotive, refineries and engineering, and construction firms. I do not expect the stock to produce strong returns in the short-term. It can be a suitable medium-to-long term investment because of the opportunity arising from an anticipated rise in completions activity and the fast-growing niche sectors like water management in midstream business.
The company’s competitiveness lies in providing active supply chain