3 Stocks to Ride the Manufacturing Sector's Big Comeback

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Prologis Inc News

Old Dominion Freight Line Inc,Broadstone Net Lease Inc

Stocks Analysis by MarketBeat.com (Gabriel Osorio-Mazzilli) covering: Prologis Inc, Old Dominion Freight Line Inc, Broadstone Net Lease Inc. Read MarketBeat.com (Gabriel Osorio-Mazzilli)'s latest article on Investing.com

The market price action has shown everyone that the manufacturing sector could be the one to start outperforming in the coming months.

The problem is that the services sector is already filled with high employment. In contrast, the manufacturing sector needs to catch up in this metric. For this reason, new inflation is likely to come from the manufacturing names in the market, and why stocks like Prologis in Prologis for the next 12 months, a growth rate of just under 50% from today’s $1.08 profit level.

Allocators from Geode Capital Management decided to boost their Broadstone Net Lease holdings by 1.3% as of November 2024, bringing their net position up to $156.8 million today. Investors can take this move as a complementary bullish signal, given that the short sellers also closed down their positions last month.Compared to the rest of the transportation sector, Old Dominion Freight Line stock’s 38.5x price-to-earnings ratio today calls for a significant premium above the sector’s average 18.

 

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