ABB (NYSE:ABB)
didn't report a great quarter in many respects, but the overall
performance of this Swiss automation and power equipment giant was
pretty solid against a rough backdrop. Although it looks like the first
quarter reports from the industrial sector will deflate some of the more
bullish expectations for a sharp recovery during 2016, it also looks as
though the doomsday scenario isn't as valid as it was back in January
(when many of these stocks hit their lows).
Given the solid rebound off those lows, ABB looks like an okay stock idea. The performance of Honeywell (NYSE:HON), Rockwell (NYSE:ROK), and Emerson (NYSE:EMR) has reduced the attractiveness of those stocks as well, though, and ABB does look like more of a relative bargain.
Read the full article here:
ABB Holding The Line In A Tough Market
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