With the earnings cycle about to ramp up again, this is a good time for investors to put together watch lists to take advantage of any earnings or guidance “freak outs”, not to mention sector-wide moves on revised expectations for 2020. Given that industrials have started to soften a bit after a strong rally from October to December, and that many investors and sell-side analysts are explicitly modeling a strong second-half rebound in 2020, there could be some vulnerability here to lower expectations and more caution on that rally.
I regard Lincoln Electric (LECO