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.
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ABB Holding The Line In A Tough Market