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The major stock market indexes soared earlier this month on investors’ optimism surrounding the full approval of Pfizer Inc. (NYSE:PFE) and BioNTech SE’s (BNTX) COVID-19 vaccine. Also, the infrastructure bill passed by the Senate on August 10 is expected to act as a catalyst for the industrial sector’s growth. It includes roughly $73 billion for electric grid and power infrastructure and $66 billion for passenger and freight rail.
So, we think it could be wise to bet on quality industrial stocks nVent Electric plc (NVT), Applied Industrial Technologies, Inc. (AIT), and EnPro Industries, Inc. (NPO). They have overall A (Strong Buy) or B (Buy) ratings in our proprietary POWR Ratings system and A grades for Sentiment. Moreover, Wall Street analysts appear bullish on these three stocks.
