Let's take a serious break from the software companies that were claimed to be the best bets and start discussing the real market winners.
The market is so possessed by tech that it can't see the forest through the industrials. If the discourse isn't about the slowdown in the cloud, it's about who is pulling out of the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor left Salesforce . Meta Platforms ' Mark Zuckerberg could sneeze and Amazon CEO) Andy Jassy cough and it's a bigger deal than United Airlines ' order for 100 Dreamliners from Boeing .
He's turning this old-line but excellent valve and home appliance maker into a company that digitizes your hardware, that automates your plants while cutting out waste. In less than two years, Karsanbhai has sold slow-growing divisions, bought faster-growing businesses, and joint-ventured others in ways that the arrogant software types can only dream of doing. Like Caterpillar's stock, EMR is straight up: 4% higher year-to-date. But in the past three months, shares are up 18.5%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Week Ahead: Wall Street hunts for recession plays to weather potential 2023 turbulenceInvestors are eyeing everything from the U.S. healthcare sector to UK stocks and gold as potential havens during a recession, as worries grow that the Federal Reserve's interest rate increases will bring on an economic downturn next year.
Read more »
Instacart Will Let You Shop at Costco Without a MembershipInterested in shopping at Costco but don't want to pay for the membership? Here's how to dip your toes commitment-free.
Read more »
Lars Ulrich on Why Metallica Let Stranger Things Use ‘Master of Puppets'In a recent interview, drummer Lars Ulrich revealed why the band allowed the show to use its song, and what it meant for the band.
Read more »
When you lose weight, your fat cells don't just let go of fatIf cells were personified, fat cells would be an overbearing grandparent who hoards.
Read more »
Sirius XM flaw could’ve let hackers remotely unlock and start carsThe security flaw affected over 12 million cars.
Read more »