Industrials - RXO!-GTLS!-MIDD!-TWI!
It is hard to find ideas in the industrial sector. Many of the stocks have already doubled and tripled. With my four ideas I am roughly market weighted, but I could add one more?
RXO Inc. - RXO - $24 - exciting story with plans to consolidate the truck brokerage business, spinoff from XPO, smart guys
Middleby - MIDD -$136 - best makers of restaurant equipment, big Select Equity position, restaurant capital expenditures are necessary
Chart Industries - GTLS - $191 - best way to play energy transition, growing LNG and hydrogen business built on solid cryogenic base business
Titan International - TWN - $ 7 - small cap maker of tires and wheels for farm equipment, trying to play the ag cycle, smart guys have done a nice turnaround but Wall Street does not care
Core & Main - CNM - $51 - water infrastructure, Select Equity big holding
Hillenbrand - HI - $30 - sold caskets and hospital bed business, left with some boring industrial business, will the focus help? stay tuned
CNH Industrial - CNH - $11 - David Einhorn has jumped on board the story, I worry that Deere is too tough, mixed signals
AGCO - AGCO - $93 - not sure I love their acquisitions, but when the farmer comes back this could look like a growth stock
Lindsay - LNN - $122 - irrigation business is bouncing along the bottom
Jacobs Solutions - J - spin is done, lots of stuff to build
Canadian Pacific - CP - slowly restructuring, 10% position for Ackman
Wabash - WNC - $17 - well made truck trailers in a tough cycle
Astec Industries - ASTE - road paving equipment, forever waiting for a boom
Gates Industrial - GTES - $21 - belts and hoses, boring
Trinity Industies - TRN - $36 - rail cars doing well, hate the leasing business
Alaska Air - ALK - $67 - the mo guys are taking a ride, ???, doubled for no good reason
CH Robinson - CHRW - $104 - RXO is better