2024-06-10 13:03:49 ET
Summary
- There has been a surge in AI mentions on conference calls and a corporate focus on re-shoring in response to supply chain vulnerabilities.
- Rockwell Automation is positioned to benefit from AI and re-shoring trends, but its high P/E ratio is a concern despite EPS growth expected next year.
- ROK's Q2 report showed decent performance, but issues in EV and Food and Beverage areas impacted forecast numbers as the firm continues to focus on streamlining operations.
- Ahead of earnings in August, I outline key price levels to monitor as the stock tests critical support.
There's been a surge in “AI” mentions on quarterly conference calls in the past half decade. But that’s not the only corporate-investment revolution taking place today. “Re-shoring” has taken the domestic market by storm. ...
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For further details see:
Rockwell Automation: A Premium P/E Amid Challenged Earnings Trends