Before the coronavirus pandemic, we already started to see the effects of a slowing world’s economy. Thanks to the trade war with China, demand and economic activity across both the developed and emerging worlds started to slip. The pandemic pushed that fact over the edge, with a variety of economic data moving into contraction territory.
Perhaps, no other sector has felt this contraction worse than the industrials. As a sector, performance has been abysmal. Investors have clearly sold off shares of these economically sensitive stocks as the pandemic, lockdowns and work stoppages have created chaos.
But investors may not want to cast off the sector so soon. In fact, they may want to be buying into it. Data has started to swing higher as the world’s economies start to open up. Meanwhile, the damage has not been as bad as feared. For dividend seekers, there are plenty of high-yield opportunities with capital gains potential.
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