By Hassan
Malik @hmalik21
Analysts
have been upbeat about the future prospects of large-cap U.S. industrial stocks
of late. If we take a look at the large cap market, what we will immediately
note is a common pattern of “better than expected earnings” for many notable industrial
companies. Caterpillar Inc. (NYSE: CAT), 3M
Company (NYSE: MMM), and
General Motors Company (NYSE: GM) all
strengthened on better than expected earnings (Even though GM’s profit slipped in
its latest quarter). It seems that there has never been a better time to invest
within the industrial sector given the fact that the U.S. economy appears to be
improving. The large cap industrials aren’t the only companies enjoying this
boom. Some small caps are getting a boost as well. The following three stocks
could experience good share price growth in the coming year:
AECOM Technology Corporation (NYSE: ACM): AECOM
is a global provider of professional technological and management support
services to a broad range of markets. The company is seeing solid momentum
following positive earnings estimate revisions. Analysts are becoming
optimistic about the company’s earnings in the coming quarter. Recently the
stock has moved higher, adding 5.3% over the last four weeks. Analysts at Zacks
have taken note of this and given the stock a #1 “Strong Buy” ranking.
Primoris Services Corporation (NASDAQ: PRIM): Primoris
is a specialty contractor and infrastructure company that serves diverse-end
markets. Two units of PRIM (James Industrial Contractors & Infrastructure
& Maintenance) have jointly finalized an industrial and heavy civil
contract worth $290 million from a major petrochemical company. Investors
should keenly take note of PRIM as shares of the company climbed over 6%
following the announcement of the project on November 18. What really makes
Primoris stand out is its bold strategy on growing across end markets. The company is currently optimistic about its
business and is looking to further fortify its hold on the industrial and water
end markets.
Methode Electronics (NYSE: MEI): Methode
is a global developer of custom engineered and application specific products
and solutions. What sets this company apart is its intuitive approach to the
development of technology. They are interested in making the user experience
behind printers as time efficient as possible. Last week, the company announced
its NP-100 flatbed printer for printed electronics, which enables the creation
of functional electrical circuits, eliminates tooling and reduces development
time. Looking forward, what investors can expect is a pattern of growth in the
ink segment of Methode. The conductive properties of Methode’s inks are well
suited for the growing printed electronics market, as resistance levels as low
as 0.03 Ohms per square can be obtained when the ink is printed with Methode’s
NP-100 Inkjet Printer. Furthermore, according to experts, sales of conductive
inks are expected to grow from $1.6 billion to $2.5 billion.
To
see more of Hassan’s small cap stock ideas, visit the archive here: www.smallcappower.com/experts/products/hassan-malik
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