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Deep Dive: These U.S. machinery stocks have rallied up to 50% this year

Here’s an eye-opening tweet to start today’s conversation:

YTD Industrials are up +7.4% versus +5.4% for the market, with Machinery (+22.7% YTD) representing the best-performing group. Parker Chasin’

— Mike Bergen (@BergenCapital) October 10, 2016

During this year’s flight to yield and low volatility, attention has been paid to utility and telecommunications companies, whose stocks tend to pay high dividends. Machinery companies have gotten lost in the mix.

“As we started the year, we saw a lot of opportunity” after a money-losing 2015 in share prices, Kwame Webb, a senior equity analyst at investment-research firm Morningstar, said in an interview.

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