A lot of traders and investors had high hopes for the top industrial stocks for 2022 as countries around the world work to recover from the pandemic… But higher inflation and ongoing supply chain issues have put a damper on things.
No one anticipated a war between Russia and Ukraine this year either…
But keep in mind, this war isn’t going to last forever. And that the stock market discounts everything known into its price ahead of time.
That means sooner rather than later, the world is going to look past this and focus on all of the various industries or industrial companies that’ll work double time to help rebuild Ukraine and the rest of the world.
So let’s take a look at some top industrial stocks for 2022 that you’ll want to keep a close eye on in the not-so-distant future…
2 Top Industrial Stocks for 2022
Before we jump into the top industrial stocks for 2022, I want us to take a look at the Industrial Select Sector SPDR Fund (NYSEArca: XLI), an exchange-traded fund or ETF that tracks the stocks in the Industrials sector.
When I recorded this video earlier this week, it was trading above its 200-day moving average for the fifth trading day in a row!
I’m also starting to see a lot of institutional interest moving back into the Industrials and Basic Materials sectors.
In fact, the XLI’s all-time high is near the $107 level…
The last time I checked, it was trading around $102 Friday afternoon.
And this is all while the word “nuclear” has been thrown around a few times in the past few weeks…
So if you can’t tell, I’m excited about industrial stocks right now.
Keep in mind, industrial companies are also defensive plays offering a good hedge against consumer discretionary and tech stocks… which means now is a great time to start turning your focus to the top industrial stocks for 2022.
Check out my short video below to get the tickers on my watchlist.
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*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk.
