Opportunities in Beaten-Down Industrials
This year the S&P Industrial Index fared even worse than the S&P 500, but Eli Lustgarten, senior vice president of Longbow Research, sees opportunities in this beaten-down sector.
“If you want to make the bet that the economy will stabilize sometime over the next year and will begin to grow in 2010, then Caterpillar , like most other industrials, are on sale," he said. (See his full comments in the video)
Other names Lustgarten likes right now are Eaton , Parker Hannifin and Kennametal.
For the long-term, Lustgarten’s bet bets are Deere and Cummins.
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