"For the first quarter, the industrials segment has seen the largest reduction in earnings estimates relative to the beginning of the year, though full year expectations are still for 34% growth," says Dryden Pence. His stocks to watch currently are Deere & Co. (DE) and Vulcan Materials (VMC). Argus' John Eade says that they have buy ratings on aerospace and defense stocks like LMT, RTX, and LHX.
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