Manufacturing Stocks List → Gold explodes past $2,000, here's what's next (From Stansberry Research) (Ad) This page shows information about the 45 largest manufacturing stocks including Inphi, First Trust NASDAQ Rising Dividend Achievers, Kadmon, and BlackRock Capital Allocation Term Trust. Learn more about manufacturing stocks. #1 - InphiNYSE:IPHIStock Price: $172.27Market Cap: $9.25 billionConsensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#2 - First Trust NASDAQ Rising Dividend AchieversNASDAQ:RDVYStock Price: $51.67 (-$0.29)Market Cap: $8.93 billionP/E Ratio: 9.9Dividend Yield: 2.08%Consensus Rating: Hold (0 Buy Ratings, 26 Hold Ratings, 0 Sell Ratings)Consensus Price Target: $53.93 (4.4% Upside)The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.#3 - KadmonNYSE:KDMNStock Price: $9.50Market Cap: $1.70 billionConsensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AKadmon is a clinical-stage biopharmaceutical company that discovers, develops and delivers transformative therapies for unmet medical needs. Its clinical pipeline includes treatments for immune and fibrotic diseases as well as immuno-oncology therapies.#4 - BlackRock Capital Allocation Term TrustNYSE:BCATStock Price: $14.95 (+$0.07)Market Cap: $1.62 billionDividend Yield: 10.23%Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A-#5 - CantaloupeNASDAQ:USATStock Price: $7.41 (-$0.10)Market Cap: $526.70 millionConsensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/ACantaloupe, Inc. is a software and payments company, which engages in the provision of end-to-end technology solutions for the unattended retail market. It offers Internet of Things (IoT) and machine-to-machine (M2M) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing the electronic payment solutions. The company was founded by George Raymond Jensen Jr. in January 1992 and is headquartered in Malvern, PA.#6 - CoreCardNYSE:INSStock Price: $0.00Market Cap: $349.35 millionConsensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/ACoreCard Corp. engages in the management of emerging technology companies. It operates through CoreCard Software, Inc. and affiliate companies, which are involved in the design, development, and marketing of software solutions to corporations, financial institutions, retailers, and processors to manage credit and debit cards, prepaid cards, private label cards, fleet cards, loyalty programs, and accounts receivable and small loan transactions. The company was founded in 1973 and is headquartered in Norcross, GA. Get the Latest News and Ratings for Your StocksEnter your email address below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter. #7 - CRH MedicalNYSE:CRHMStock Price: $3.99Market Cap: $285.76 millionConsensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#8 - IEC ElectronicsNYSE:IECStock Price: $15.34Market Cap: $162.97 millionConsensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AIEC Electronics is a provider of electronic manufacturing services ('EMS') to advanced technology companies that produce life-saving and mission critical products for the medical, industrial, and aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of complex full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with a broad array of manufacturing services encompassing electronics, interconnect solutions, and precision metalworking. As a full service EMS provider, IEC holds all appropriate certifications for the market sectors it supports including ISO 9001:2015, AS9100D, ISO 13485, and is Nadcap accredited. IEC Electronics is headquartered in Newark, NY and also has operations in Rochester, NY and Albuquerque, NM.#9 - FBR & Co.NASDAQ:FBRCStock Price: $17.55Market Cap: $124.61 millionDividend Yield: 4.52%Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AFBR & Co. is an investment banking and institutional brokerage company. The Company focuses on the equity capital markets. The Company operates through two segments: capital markets, which includes investment banking, institutional brokerage and research, and principal investing. Through its broker-dealer operating subsidiaries, the Company focuses its business on providing: capital raising services, including underwriting and placement of public and private equity, equity-linked and debt securities; financial advisory services, including merger and acquisition (M&A) advisory, restructuring, liability management, recapitalization and strategic alternative analysis; institutional sales and trading services focused on equities, equity-linked securities, listed options, high-yield bonds, senior debt and bank loans, as well as securities lending activities, and differentiated securities research.#10 - Orbital Energy GroupNASDAQ:OEGStock Price: $0.00Market Cap: $55.87 millionConsensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AOrbital Infrastructure Group, Inc. engages in the acquisition, development and commercialization of electro-mechanical products and technologies worldwide. It operates through the following segments: Electric Power, Telecommunications and Renewables. The Electric Power segment provides comprehensive infrastructure solutions to customers in the electric power industry. The Telecommunications segment provides enterprise solutions to the cable and telecommunication industries. The Renewables segment focuses on utility-scale solar construction. The company was founded on April 21, 1998 and is headquartered in Houston, TX.#11 - Credit Suisse X-Links Silver Shares Covered Call ETNNASDAQ:SLVOStock Price: $73.88 (-$0.70)Market Cap: $30.29 millionDividend Yield: 1.25%Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Aa ecorodovias é um dos maiores grupos de infraestrutura e logística integrada do país, que opera ativos de logística intermodal, concessões rodoviárias e serviços correlatos, de forma sustentável e socialmente responsável. estamos presentes nos estados de são paulo, rio de janeiro, espírito santo, paraná e rio grande do sul, com cerca de 4.500 colaboradores.#12 - LadRxNASDAQ:CYTRStock Price: $0.00Market Cap: $4.14 millionConsensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/ALadRx Corp. is a biopharmaceutical research and development company, which engages in the discovery, research, and clinical development of novel anti-cancer drug candidates. It focuses on developing the Linker Activated Drug Release (LADR) technology platform, a discovery engine to help create a pipeline of anti-cancer molecules that will avoid unacceptable systemic toxicity while delivering highly potent agents directly to the tumor. The company was founded in 1985 and is headquartered in Los Angeles, CA.#13 - Xenetic BiosciencesNASDAQ:XBIOWStock Price: $4.00Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AXenetic Biosciences, Inc. is a biopharmaceutical company focused on progressing XCART™, a personalized CAR T platform technology engineered to target patient- and tumor-specific neoantigens. The Company is initially advancing cell-based therapeutics targeting the unique B-cell receptor on the surface of an individual patient's malignant tumor cells for the treatment of B-cell lymphomas. XCART™ has the potential to fuel a robust pipeline of therapeutic assets targeting high-value oncology indications.#14 - Velodyne LidarNASDAQ:VLDRWStock Price: $0.32Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#15 - Vivani MedicalNASDAQ:VANIWStock Price: $0.02Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AVivani Medical, Inc., a clinical stage company, develops various implants that treat chronic diseases with high unmet medical need. It engages in developing a portfolio of miniature drug implants to deliver minimally fluctuating drug profiles; and implantable visual prostheses devices to deliver useful artificial vision to blind individuals. The company is headquartered in Emeryville, California.#16 - ToughBuilt Industries, Inc. WT EXP 110923NASDAQ:TBLTWStock Price: $0.01 (+$0.00)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AToughBuilt Industries Inc. is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently focused on tools and other accessories for the professional and do-it-yourself construction industries. The Company markets and distributes various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT brand name, within the global multibillion dollar per year tool market industry. All of its products are designed by its in-house design team. Since launching product sales in 2013, the company has experienced significant annual sales growth. Its current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Its mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for its end users while enhancing performance, improving well-being and building high brand loyalty.#17 - Siyata MobileNASDAQ:SYTAWStock Price: $0.05Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Asiyata mobile (publicly traded (sim:tsxv)) product line first made its debut in 2010 as the world's first 3g fixed truck phone and has since seen significant demand in multiple markets globally making it a global leader in cellular connected devices for trucks, commercial vehicles and fleets. following the success of our truckfone series, we introduced in 2013 the voyager connected vehicle smartphone which is the world's first 3g connected vehicle smartphone launched globally. voyager supports the next generation push-to-talk (ptt), fleet management applications and additional innovative features. we also developed the portable bagfone which provides extended cellular connectivity in remote areas.#18 - Stanley Black & DeckerNYSE:SWTStock Price: $51.06 (-$1.51)Dividend Yield: 4.75%Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#19 - Switchback IINYSE:SWBKUStock Price: $0.00Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#20 - SaverOne 2014NASDAQ:SVREWStock Price: $0.12 (-$0.12)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Athe dfcc banking business attempts to create synergies through integrated banking. we offer a seamless gamut of financial solutions by integrating the expertise of a pioneer development bank and the energy of a dynamic commercial bank. dfcc bank, incorporated by an act of parliament in 1955 is the country's first specialized development bank.#21 - Electrameccanica Vehicles Corp. WT EXP 080323NASDAQ:SOLOWStock Price: $0.01 (-$0.00)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Amore than 83% of canadian commuters drive alone in vehicles not ideally suited for this purpose. this results in roadway congestion, higher fuel costs, and increased air pollution. electra meccanica's solo is the ideal commuter car that fits perfectly into your busy lifestyle being both good for you and the planet. designed by a world-class development team, it's modern aesthetics are matched by spirited performance and ultimate practicality. for more information about the solo, purchasing, investing, dealerships or scheduling a test drive, please get in touch at info@electrameccanica.com or by giving us a call at 1-604-428-7656 reserve yours now for only $250cad http://electrameccanica.com/reserve/ facebook: electrameccanica twitter: @electramecc instagram: electrameccanica#22 - Reviva PharmaceuticalsNASDAQ:RVPHWStock Price: $1.43 (+$0.03)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Areviva pharmaceuticals is a pharmaceuticals company located in 5941 optical ct, san jose, california, united states.#23 - Parex ResourcesNYSE:PXTStock Price: $0.00Consensus Rating: Moderate Buy (1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)Consensus Price Target: $30.80#24 - NLS PharmaceuticsNASDAQ:NLSPWStock Price: $0.06Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Amission & values to serve our patients we design affordable, safe and effective therapeutics to safeguard and empower the brain throughout all stages of life. we value partnership and integrity, we are ethical and responsible and show respect and compassion for our patients. r&d strategy the successful companies of tomorrow are those that go beyond delivering products to delivering real solutions and services. r&d is the cornerstone of our company and we promote ingenuity through an effective intellectual property policy. the advancements in science mean that more targeted, more (cost-)effective treatments are within reach and we are here to take on this challenge. our innovative r&d is centered on patients' needs and delivering affordable, safe and effective solutions. not only will these enable us to improve access to quality healthcare and meet unmet needs, but they will also deliver the sustainable growth required to allow us to continue to invest in innovative research & developm#25 - ENDRA Life SciencesNASDAQ:NDRAWStock Price: $0.03Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#26 - Medigus Ltd. WT C EXP 072323NASDAQ:MDGSWStock Price: $0.02 (-$0.01)Dividend Yield: 17.24%Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AMedigus is a medical device company specializing in developing minimally invasive endosurgical tools and highly innovative imaging solutions across medical and industrial applications.#27 - MainstreamBPONYSE:MAIStock Price: $0.00Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#28 - Lixte BiotechnologyNASDAQ:LIXTWStock Price: $0.04 (-$0.01)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Alixte biotechnology holdings, inc. (lixte) is a clinical-stage public (lixt) pharmaceutical company dedicated to discovering drugs for more effective treatments for cancer. lixte has identified molecular signaling pathways altered in disease states and designed compounds that can safely target them in animal models. the current drug portfolio includes inhibitors of protein phosphatases that are critical to cell division and dna damage repair and inhibitors of protein deacetylases that regulate pathways of gene expression and protein degradation. the phosphatase inhibitors enhance the effectiveness of cytotoxic anti-cancer drugs in general as well as radiation therapy making them potentially useful for the treatment of many, if not all, cancers in combination with existing standard chemotherapy regimens and the evolving targeted cytotoxic therapies of personalized cancer medicine. the lead compound lb-100 is in phase i trial and has the potential to be first-in-class. the deacetylase in#29 - 4D pharmaNASDAQ:LBPSWStock Price: $0.00Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#30 - Jupiter WellnessNASDAQ:JUPWWStock Price: $1.31Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Ajupiter wellness, inc. operates as a hemp-derived cannabidiol (cbd) consumer product development company. it develops various therapeutic and medical use for cbd in the treatment of various ailment and diseases, such as cancer, arthritis, anxiety, insomnia, psoriasis, chronic pain, and others. the company markets cbd-infused sun care lotion formulas containing various sun protection factors under the canisun brand. it is also developing other products, such as cbd-infused skin care lotion under the caniskin brand; and dermatological treatments under the canidermrx brand. the company was formerly known as cbd brands, inc. jupiter wellness, inc. was founded in 2018 and is headquartered in jupiter, florida.#31 - Inter PipelineNYSE:IPLStock Price: $0.00Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#32 - G Medical InnovationsNASDAQ:GMVDWStock Price: $0.04Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AG Medical Innovations Holdings Ltd, together with its subsidiaries, an early commercial stage healthcare company, engages in the development of next generation mobile health and telemedicine solutions in the United States, China, and Israel. The company's products include Prizma, a plug-and-play medical device that measures vital signs with electronic medical records functionality and clinical grade reporting standards; and Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiogram data continuously for up to 14 days. It also develops Wireless Vital Signs Monitoring System, a solution that provides continuous real time monitoring of vital signs and biometrics. In addition, it offers monitoring services, including independent diagnostic testing facility monitoring and private monitoring services. The company was incorporated in 2014 and is based in Rehovot, Israel.#33 - Select WirelessNASDAQ:FWRLXStock Price: $11.72 (+$0.03)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#34 - indie SemiconductorNASDAQ:INDIWStock Price: $1.26 (-$0.04)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Aindie designs and manufactures custom, microcontroller-based chips, using arm cores. we replace most of the contents of a printed circuit board with a single, optimal chip designed specifically for your application. this reduces the product cost, size and power compared with solutions based around standard, off-the-shelf components. reliability, manufacturability and security are all increased. aside from its skills in mixed signal design, indie's strengths are the way we can stitch new designs together quickly and cheaply, allowing applications to get the benefits of system-on-chip technology without the normal downsides. we have multiple designs in production and ship volumes of million-plus units per month and are growing fast.#35 - ImmuronNASDAQ:IMRNWStock Price: $0.07Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#36 - Second Sight Medical ProductsNASDAQ:EYESWStock Price: $0.02Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#37 - Entera Bio Ltd. WT EXP 062723NASDAQ:ENTXWStock Price: $0.00Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#38 - Exchange IncomeNYSE:EIFStock Price: $0.00Consensus Rating: Buy (1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: $65.00#39 - Sharing Economy International INASDAQ:CLNTStock Price: $9.38Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/ASharing Economy International, Inc. develops technologies, products and services with a view to minimise pollution and wastage to protect the environment. It operates through the following segments: Dyeing and Finishing Equipment and Sharing Economy. The Dyeing and Finishing Equipment segment involves in the manufacture and sell of textile dyeing and finishing machines. The Sharing Economy segment targets the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. The company was founded by Jian Hua Wu in 1987 and is headquartered in Hong Kong.#40 - Check-CapNASDAQ:CHEKZStock Price: $0.01 (-$0.00)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/ABREAKING: The truth about war with China (Ad)Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.Get the list of risky investments here >>>#41 - Biotech AcquisitionNASDAQ:BIOTWStock Price: $0.01 (-$0.07)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#42 - Ascent Solar TechnologiesNASDAQ:ASTIWStock Price: $0.00Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/A#43 - Apollo Strategic Growth Capital II UnitsNASDAQ:APGBUStock Price: $10.66Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/AApollo Strategic Growth Capital II intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as APH I (Sub I), Ltd. and changed its name to Apollo Strategic Growth Capital II in December 2020. Apollo Strategic Growth Capital II was incorporated in 2008 and is based in New York, New York.#44 - Adial Pharmaceuticals, Inc. WT EXP 073123NASDAQ:ADILWStock Price: $0.00 (-$0.00)Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/Aadial pharmaceuticals is dedicated to personalized treatment for drug abuse and addiction. while our pipeline includes drug candidates for the treatment of opiate and amphetamine use, our two lead drug candidates are for the treatment of alcohol abuse. adial leverages its extensive knowledge of pharmacology and pharmacogenomics to change the paradigm of drug abuse treatment.#45 - ACE Convergence AcquisitionNASDAQ:ACEVWStock Price: $0.00Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)Consensus Price Target: N/ARecent Manufacturing HeadlinesRay Dalio keeps adding to this ETF, what's he thinking?December 28, 2023 8:52 AMRay Dalio is going to be happy with his newest purchases into Asian stocks, there are two in particular that could bring in a good bulk of returns to this playThis Week: Fed manufacturing index, pending home sales, Chicago business barometerDecember 26, 2023 9:29 AMThe Federal Reserve Bank of Richmond issues its monthly manufacturing activity index WednesdayFDA finds 'extremely high' lead levels in cinnamon at Ecuador plant that made tainted fruit pouchesDecember 18, 2023 3:56 PMU.S. food inspectors found “extremely high” lead levels in cinnamon at a plant in Ecuador that made applesauce pouches tainted with the metalBoeing says deliveries of new planes are up, generating much-needed cash for the aircraft makerDecember 12, 2023 1:09 PMBoeing says deliveries of airline planes are up, after being slowed earlier this year by manufacturing problemsNew York pledges $1B on chip research and development in Albany in bid for jobs, federal grantsDecember 11, 2023 3:55 PMNew York Democrats say the state will spend $1 billion to expand research into chip technology in an effort to turn upstate New York into a global center of semiconductor research and manufacturingMore Manufacturing Headlines Top HeadlinesDecember 28, 2023 11:54 AMHow to invest in the top grocery stocksDecember 27, 2023 7:30 AMCould Cleveland-Cliffs be the next steel company to be acquired? December 28, 2023 6:05 AM3 tech stocks on the verge of major breakoutsDecember 26, 2023 8:04 AMIntel ups the ante in the AI chip arena against NvidiaDecember 29, 2023 7:00 AM4 beaten-down penny stocks ready to take offDecember 26, 2023 7:23 AMRocket Companies: A stock that traders are rushing to buy December 29, 2023 1:50 PMDo bank stocks go up when interest rates rise?All Headlines (Ad)Having no investing experience shouldn’t bar you from creating a stream of passive income through trading - you’ll just need to approach it differently! Options expert Chuck Hughes’ coveted trading guide, “Options Trading Made Easy”, is tailor made for the inexperienced trader and can help you target a new stream of income faster than traditional trading. Manufacturing Stocks InvestingWritten by Chris MarkochAugust 26, 2022What Do Manufacturing Stocks Say About the Economy?What Economic Reports Track Manufacturing Activity?When Do Manufacturing Stocks Perform Well?Are Manufacturing Stocks Good Dividend Stocks?Two Examples of Great Dividend StocksCan You Find Good Small-Cap Manufacturing Stocks?How to Invest in Manufacturing StocksManufacturing Stocks ETFsManufacturing is the process of turning raw materials into finished goods. Manufacturing can take the form of tools, machinery, chemical processing, and/or human labor. Manufacturing is considered a sub-sector for investors because the list of companies that manufacture goods and services overlaps several sectors of the economy. For example, Hershey’s (NYSE: HSY) is a manufacturing stock because of the company’s automated process for making its signature confectionary products. But investors will also note that Tesla (NASDAQ: TSLA) is a manufacturing stock. However, the electric vehicle sector and the consumer discretionary sector behave very differently at different times. What Do Manufacturing Stocks Say About the Economy? Perhaps no industry illustrates the relationship between supply and demand like manufacturing. Manufacturing added to the cost of the raw materials used to calculate a company’s cost of goods sold (COGS). This additional value allows the company to charge a higher price for its finished products. Best-in-class manufacturing companies seek ways to utilize the most efficient manufacturing techniques. These investments allow companies to produce more goods at a lower cost. The manufacturing sector is one of the key drivers of job creation in a country’s economy. When activity is slowing down, it is typically a harbinger that the economy is weakening. It is also usually marked by companies issuing layoffs or hiring freezes. By contrast, when manufacturing activity picks up, it is generally a sign that the economy is growing. In these cycles, manufacturing companies typically contribute to that growth by hiring more workers. What Economic Reports Track Manufacturing Activity? Monthly economic reports give investors clues about the strength of the manufacturing sector. One of the most closely watched reports is the Institute for Supply Management (ISM) Manufacturing Index, this is known as the purchasing managers’ index (PMI). This is a monthly forecast of manufacturing sentiment based on a survey of purchasing managers at over 300 companies. A related survey is the S&P Manufacturing and Services PMI. Both reports give investors a sense of the economy’s direction. A reading above 50 generally signals that the economy is expanding. A number below 50 signals an economy that’s contracting. However, there are a couple of things that investors need to consider when assigning significance to this monthly reading Look for Context - It’s always important to look at the reading in context with prior numbers. This is because these surveys are reporting on ordering activity that’s already taken place. That makes these reports lagging indicators, meaning they give investors information about what’s already happened in the economy. So if the index shows a month-over-month decline it may not be showing up in the broader economy. The opposite is also true. If the index shows a month-over-month gain, it may not be reflected in the prices that consumers pay. However, the stock market is always forward-looking. So lagging indicators such as manufacturing data can help confirm trends in the economy. Look for Correlation - Another way to make sense of the monthly manufacturing data is to ensure it correlates with other economic reports. For example, if the Producers’ Price Index (PPI) is climbing you would expect manufacturing activity to slow down. That’s because if it costs businesses more to get their raw materials, it will be more expensive for them to manufacture their goods. Although they will try to pass this cost along their supply chain to the end consumer, ultimately they may have to cut their output if consumer demand drops. On the other hand, if manufacturing output remain steady or growing even in the face of rising producer costs, it can signal that consumer demand remains strong even as they are facing higher prices. When Do Manufacturing Stocks Perform Well? Like many sectors, manufacturing stocks tend to do when the economy is performing well. When consumer demand is high, manufacturing activity tends to increase. Also, when the economy is expanding, interest rates are generally stable, and perhaps falling. Lower borrowing costs allow companies to invest in the equipment necessary to upgrade their manufacturing infrastructure. This can make stocks such as Caterpillar (NYSE: CAT) more attractive. However, that doesn’t mean that manufacturing stocks are bad investments when the economy is in decline. Some manufacturers are in more defensive sectors that can help them outperform the market because their products and services remain in demand. An example of this could be found in the agriculture sector. Regardless of what is happening in the broader economy, crops need to be planted, cultivated, and harvested on a regular schedule. Defensive manufacturing stocks offer the additional benefit of pricing power. For example in the Covid-19 pandemic, commodity prices rose due to supply chain disruptions. As producer prices rose, the manufacturing stocks that performed the best were ones that were able to pass along its higher production costs. Are Manufacturing Stocks Good Dividend Stocks? As you might expect, many manufacturing stocks pay a dividend. A dividend is simply a portion of a company’s profits that it pays out to shareholders in the form of a direct cash payment per share. Companies that pay dividends are typically in mature industries and manufacturing companies certainly fit that description. That’s not to say that manufacturing companies don’t offer share price growth. And when the economy is sluggish, the dividend payment these companies offer will boost an investor’s total return to the point that they outperform growth stocks. But it’s fair to say that many of these stocks will not outperform the market when the economy is going well. The qualities that investors should look for in manufacturing stocks that pay a dividend are the same as with any other sector. First, look at companies that have a strong balance sheet. Investors should also look for healthy cash flow and the potential for some growth. All of these factor into a company’s ability to issue a dividend and, in the best-case scenario, increase its dividend on an annual basis. And that is far more important to an investor than a company’s dividend yield or even its dividend payout. Two Examples of Great Dividend Stocks 3M (NYSE: MMM) is considered one of the best dividend stocks among manufacturing companies. The company has paid a dividend in each of the last 98 years and has increased its dividend the last 56 years. This puts the company in the select group of companies known as Dividend Kings. When you consider everything that has happened in the economy over the past 98 years, an investor can’t help but be impressed with the fact that 3M has not failed to pay a dividend in every single quarter. Caterpillar (NYSE: CAT) is an example of where upside matters. In 2020 and 2021, the company’s business was curtailed due to the Covid-19 pandemic. However, the passage of the infrastructure bill in late 2021 is spurring growth in revenue and earnings. As of August 2022, Caterpillar’s dividend yield is just above 2% which isn’t all that attractive. However, the company continued to increase its dividend throughout the pandemic which means investors can expect the dividend to continue to grow and perhaps by a higher percentage over the next several years. Can You Find Good Small-Cap Manufacturing Stocks? Large-cap and mid-cap manufacturing companies do offer investors the benefit of being well established and financially stable. However, investors can find good small-cap manufacturing stocks. To begin with, many of today’s most iconic companies such as Amazon (NASDAQ: AMZN) started as small-cap stocks. And second, these stocks often sell for a lower price per share which can make them appealing for risk-tolerant investors. The key to finding a quality small-cap manufacturing stock is to find companies that have a product that will continue to be in demand. There are many small-cap stocks that are considered manufacturing companies but they are in niche markets where they have limited hope for revenue growth. The dot-com bubble of the late 1990s and early 2000s showed the problem of investing in manufacturing companies simply because they checked one box no matter how enticing that box was. Another problem may be company may be in the early stages of the manufacturing cycle and be losing money. This was the case in 2020 and 2021 as many companies in the electric vehicle sector went public despite being several years away from having meaningful revenue. How to Invest in Manufacturing Stocks As you can see, manufacturing stocks come in different sizes and sectors. This means one of the best ways to invest in manufacturing stocks is to start with your investment objective. If you’re a growth-oriented investor, you will probably be more interested in technology stocks. That doesn’t mean that you won’t get exposure to a manufacturing stock. For example, Apple (NASDAQ:AAPL) is, technically, a manufacturing stock. But investors who are buying AAPL stock are not doing so for that reason. On the other hand income-oriented investors may look for utilities and real estate investment trusts (REITs). Neither of these sectors would include manufacturing stocks. However, as noted earlier in this article, investors can find great income-generating stocks such as 3M, also great manufacturing stocks. Manufacturing Stocks ETFs Many investors prefer to invest in exchange-traded funds (ETFs) for all or a portion of their portfolio. ETFs offer the benefit of buying a basket of companies within a sector while spreading the risk that comes from owning any individual stock. Because manufacturing stocks can be found in almost any sector, investors need to be a bit discerning when it comes to finding ETFs that provide exposure to manufacturing stocks. One of the largest ETFs for investors looking for exposure to manufacturing stocks is the Industrial Select Sector SPDR Fund (NYSEARCA:XLI) which has over $13 billion in assets. Industrial companies typically have strong balance sheets and steady demand. Another way to be a fund investor in the manufacturing sector is by focusing on specific sectors. For example, investors can still find manufacturing stocks in the technology sector. One such choice is the Technology Select Sector SPRD ETF (NYSEARCA:XLK). About Chris MarkochCTMarkoch@msn.comEditor & Contributing AuthorRetirement, Individual InvestingExperience Chris Markoch has been a contributing writer for MarketBeat since 2018. Areas of Expertise Value investing, retirement stocks, dividend stocks Education B.A., The University of Akron Past Experience InvestorPlace More Stock Ideas from MarketBeat Stock Lists: 5G Stocks Biotech Stocks Blue Chip Stocks DOW 30 Stocks FAANG Stocks Gold Stocks Large Cap Stocks Lumber Stocks Marijuana Stocks Oil Stocks REITs Small Cap Stocks SPACs Travel Stocks Trillion Dollar Stocks Water Stocks Warren Buffett Stocks Cheap Stocks: Penny Stock List Popular Penny Stocks Top Stocks Today Stocks on Sale Stocks Under $0.05 Stocks Under $0.10 Stocks Under $0.25 Stocks Under $0.50 Stocks Under $1 Stocks Under $2 Stocks Under $3 Stocks Under $5 Stocks Under $10 Stocks Under $20 Stocks Under $30 Stocks Under $50 Stocks By Exchange: NASDAQ Stocks NYSE Stocks NYSEAMERICAN Stocks NYSEMKT Stocks NYSEARCA Stocks OTCMKTS Stocks TSX Stocks TSXV Stocks LSE Stocks BATS Stocks Latest Stock Ideas: MarketBeat Week in Review: 12/25 - 12/29 Celsius stock in actionable zone as big investors ramp up buying 3 mega caps with RSIs that point to big Q1s Microsoft is new cybersecurity titan, challenging big tech rivals Synopsys stock: Unsung hero of the AI revolution Cruise lines navigate from worst to first in 2023 surge Small-cap surge: Outpacing large caps on hopes for '24 rate cuts Apple stock is institutional favorite, but is it overvalued? 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