DNOW Can Generate Steady Returns After The Current Headwind
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 think the stock will move sideways in the short-term because the fall in the upstream capex can affect the top-line growth adversely. It can be a robust medium-to-long-term investment because of the anticipated rise in completions activity and the fast-growing niche sectors like water management in the midstream business.
Midstream activity