It’s ‘show me’ time for industrials as earnings season picks up, trader says

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It’s ‘show me’ time for industrials as earnings season picks up, trader says (via TradingNation)

"This has all been very good news but when I look at the industrial space, I'd be very cautious so we're neutral right here. I think all the easy money's been made already," Mark Tepper, president of Strategic Wealth Partners, told CNBC's "has rallied 83% since the March lows and returned to pre-pandemic highs. The ETF hit a record high as recently as two weeks ago.

The S&P industrials sector is expected to post earnings of $30.48 a share in 2021, up 75% from a beaten-down 2020. Thehad blunted manufacturing activity and demand for the industrials companies, a trend that is now reversing in the recovery.

 

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