Crissy:
Historically, Emerson has been among the favorite stocks for defensive investors due to its consistent high dividend yield.
Yoshie:
Its share price was slashed almost 31% in the past 12 months on concerns directly related to falling activities in the energy sector and negative currency translations.
Jessica:
As a result, at the end of the second quarter, we can see that several industrial companies have reduced their full-year sales and earnings forecasts.
Christi:
All these factors are negatively impacting sales and earnings targets across the board.
Beulah:
In addition to the sudden downturn in the oil and gas industry, large multinational companies also are experiencing currency exchange challenges due to the strengthening of the dollar.
Ozella:
However, since the start of this year, industrial stocks have been tumbling due to a deceleration of economic growth across the globe.
Bettie:
The industrial sector has shown a lot of momentum over the past three years.
Layla:
Its share price has fallen significantly, but this sell-off is not presenting a buying opportunity.
Allyson:
Committed to understanding the needs of customers and channel partners, Metro provides innovative solutions that optimize space, improve workflow and user efficiency.
Mona:
It has 55 manufacturing facilities in 14 countries and sales and service subsidiaries throughout Europe, North America, South America, the Middle East and Asia Pacific.
Emerson Electric Company (NYSE:EMR)
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