Reshoring Rebuilding Sentiment Around Rockwell Automation

What has happened recently with Rockwell (NYSE:ROK) shares is a great reminder to make sure you take advantage of real-time price alerts for stocks on your watch list. If you moved quickly, you had the chance to buy Rockwell shares in March with a double-digit prospective annualized return - a very rare opportunity for a much-loved (if not over-loved) industrial company.

In any case, Rockwell is one of the very rare U.S. industrial stocks that's almost in the black on a year-to-date basis, as sentiment has quickly recovered. Not only does it seem like investors are getting more comfortable with the idea of a 20% or so drop in the June quarter for many businesses, they're also counting on that recovery to start before the end of 2020. In the case of Rockwell specifically, not only is the company leveraged to some markets with relatively attractive recovering potential, it's also a direct play on a trend of reshoring that is increasingly working its way into base-case scenarios.

With the big rally since the March panic, Rockwell shares are back to their typical premium pricing, and I think there may be more risk here from slower end-market recoveries and disappointment on the scale of future reshoring.

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Reshoring Rebuilding Sentiment Around Rockwell Automation