Our four industrial-focused stocks — Caterpillar (CAT), Emerson Electric (EMR), Honeywell (HON) and Linde (LIN) — have all been gaining steam over the past three months.
There are positive short-term catalysts for our industrial holdings including the U.S. government's commitment to infrastructure spending, global decarbonization initiatives, and industrial automation.
For all these reasons, Jim said EMR stock has been "stuck in the mud."
EMR stock also pays a healthy 2.5% annual dividend yield and is a real dividend aristocrat.
The Club's take: Jim expects Honeywell's stock to go higher from here as the market broadens beyond a handful of tech stocks.
Persons:
Jim Cramer, Jim, he's, He's, Jerome Powell, we've, Jim Umpleby, Umpleby, Umpleby's, We're, Jim Wednesday, Emerson, Vimal Kapur, Lewis, Linde Linde, Linde, there's, Jim Cramer's, Luke Sharrett
Organizations:
Caterpillar, Emerson Electric, Honeywell, Linde, LIN, Federal, Dow Jones, Nasdaq, Tech, Companies, U.S, Caterpillar Caterpillar, CAT, Emerson, National, HSBC, Management, National Instruments, Honeywell Honeywell, CNBC, Whayne, Bloomberg, Getty
Locations:
China, Wells, Louisville , Kentucky