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After spending decades dismantling and exporting American industries, the folks in D.C. are suddenly all about bringing them back. And they’re having some success, to be sure.
From where I’m standing, the market agrees. In fact, it looks like this trend is only going to accelerate. Industrial stocks, as tracked by the Industrial Select Sector SPDR ETF (XLI), are surging, and XLI itself looks like a great long-term trade.
The sector is bucking the overall slowdown in equities right now.
And when you get down into the nitty-gritty, it looks even more promising. Tonight, we’re going to look at electrical equipment stocks like Eaton (ETN), some aerospace and defense giants like Raytheon (RTN), Lockheed Martin (LMY, and others, and we’re going to see where the action is in machinery stocks like John Deere (DE) and Caterpillar (CAT).
Let’s get into it…
