• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Cramer reveals three industrial stocks worth owning for 2023
Investing

Cramer reveals three industrial stocks worth owning for 2023

by December 17, 2022
by December 17, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Industrials did relatively well in an otherwise tumultuous 2022 for the equities market and the sector, as per Jim Cramer, will likely remain resilient in the coming year as well.

Here are the three industrial stocks he’s particularly bullish on for 2023.

Caterpillar Inc (NYSE: CAT)

At 17 times, Cramer says this construction equipment manufacturer is still trading at a reasonable valuation despite a more than 40% increase in its stock price since late September.

I like it almost as much as Deere. Caterpillar has much more exposure to infrastructure. I think they also get a boost from the oil and gas industry and the private oil and gas companies are still drilling like mad.

In its latest reported quarter, the Irving-headquartered firm came in well above the Street estimates as Invezz published here.

Illinois Tool Works Inc (NYSE: ITW)

According to the Mad Money host, this one is a very well run global industrial company that’s worth owning here at 23 times earnings versus its historical average of about 26.

This stock has been slammed this year due to slowdown worries even though the company keeps beating the numbers. In the most recent quarter, they had 16% organic growth.

ITW currently pays a dividend yield of nearly 2.50%.

CSX Corporation (NASDAQ: CSX)

Lastly, Cramer is constructive on this rail transportation company that’s currently down about 15% for the year.

I’m a big transport fan. They’re totally hated, some have been punished enough and that’s how I feel about the great CSX. The East Coast railroad for me is a long-term story. Meanwhile, CSX is just minting money with coal.

Earlier this week, the Nasdaq-listed firm was named to the Dow Jones’ Sustainability Index. It had $2.31 billion worth of cash and equivalents at the end of its third financial quarter.

The post Cramer reveals three industrial stocks worth owning for 2023 appeared first on Invezz.

You Might Also Like
  • Is Coinbase stock a ‘buy’ after announcing second round of layoffs?
  • Bumble shares are ‘attractive risk/reward’ at current levels: KeyBanc
  • ADP beats expectations, US dollar jumps on the news
  • Top Hang Seng index constituents to watch in 2023
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Supply, Demand, and Inflation: The Big Picture
next post
MachineQ: IoT trends for 2023

You may also like

Cowen names Take-Two stock its best idea for 2023

December 19, 2022

Is reverse stock split coming for AMC? Here is what...

December 23, 2022

Nike shares rise after robust quarter results but will the...

December 21, 2022

Top 3 risk events for FX traders in the second...

January 8, 2023

Is There A ‘Free Lunch’ In Options?

May 28, 2024

Is it too late to invest in the Biotech stocks?

November 22, 2022

Option Settlement: The Basics

February 6, 2023

Cramer shares outlook on Amgen after Horizon Therapeutics deal

December 12, 2022

Is it safe to buy Lazard stock in 2023?

January 2, 2023

Yes, We Are Playing Not to Lose!

March 11, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,632 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Is it safe to buy the...

    December 1, 2022

    Here’s what protests at Foxconn plant...

    November 25, 2022

    “Buy the close, sell the open”...

    November 28, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here