Looking for value? Our experts think these three stocks are great buys right now. Image source: Pixabay .
Since the turn of the century, industrial stocks -- the companies that make the durable goods and equipment that drive and support our economy -- have been some of the very best investments. As we get into the heat of the summer, we put three of our top experts under the spotlight and asked them to name an industrial stock that's worth buying right now. They gave us three innovative stalwarts: Emerson Electric , Precision Castparts Corp , and Ford Motor Company .
Here's what they had to say about these companies, and why they look like great buys right now.
Bob Ciura : My favorite industrial stock is Emerson Electric, which I believe is a great stock to buy this month -- or any month, for that matter. Emerson has a fantastic track record of shareholder returns. The company has increased its dividend for an amazing 58 years in a row, which qualifies Emerson as a Dividend Aristocrat more than twice over.
What does this chart show us? The stock price isn't the only thing that's fallen. Common valuation multiples, like price-to-earnings and EV-to-EBITDA, have also fallen, meaning the stock's price has decreased more than the company's earnings value. So it's really on sale right now.
Don't get me wrong: That's not to say that the stock is set to shoot up tomorrow. But over time, there's a very solid chance that patient investors will do well buying a great company when the market is underwhelmed with its results.
Dan Caplinger : Automakers have had several years of solid performance, and Ford Motor has benefited greatly from the rise in the U.S. economy since the end of the financial crisis. This year, Ford has seen some struggles that have led to weak performance in its stock; but there are reasons to believe that the share price could see gains in the future.
First and foremost, Ford has had considerable success with the rollout of its aluminum-rich new F-150 model, with the truck getting critical acclaim and positive reviews from customers. The problem that has held Ford back, though, is that ramping up production of the F-150 has had some snags, and not being able to supply all of its customers has hurt Ford's sales results.
With Ford's factories now working hard to make up for lost time and satisfy pent-up demand, the automaker could see future results improve. More broadly, despite concerns about poor economic conditions in Europe and China, Ford is moving forward with long-term investments in its core lines of vehicles.
Given the potential for added business that can come with a refreshed, redesigned model of a popular brand, those willing to commit to the stock for several years could get a nice payoff from Ford in the long run.
3 Companies Poised to Explode When Cable Dies
Cable is dying. And there are 3 stocks that are poised to explode when this faltering $2.2 trillion industry finally bites the dust. Just like newspaper publishers, telephone utilities, stockbrokers, record companies, bookstores, travel agencies, and big box retailers did when the Internet swept away their business models. And when cable falters, you don't want to miss out on these 3 companies that are positioned to benefit. Click here for their names. Hint: They'renot the ones you'd think!
Ford's new F-150 is in high demand, and the company has more irons in the fire. Image source: Ford Motor.
The article 3 Industrial Stocks to Buy in July originally appeared on Fool.com.
Bob Ciura has no position in any stocks mentioned. Dan Caplinger owns shares of Ford. Jason Hall owns shares of Precision Castparts. The Motley Fool recommends Emerson Electric, Ford, and Precision Castparts. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
