2 A-Rated Industrial Goods Stocks to Buy This Month

NYSE: A | Agilent Technologies, Inc.  News, Ratings, and Charts

A – As governments implement favorable policy measures to support the growth of their industrial sectors, we think it could be wise to bet on fundamentally sound industrial goods stocks Agilent Technologies (A) and National Instruments (NATI). These two names are rated A (Strong Buy) in our POWR Rating system. So, read on.

Even though the resurgence of the COVID-19 cases continues to pose a threat to the pace of global economic recovery, industrial activities continue to rise. According to  Federal Reserve data, industrial production increased 0.9% in July after moving up 0.2% in June.

The Senate passed a bipartisan infrastructure bill on August 10, and House Speaker Nancy Pelosi, D-Calif., said on August 24 that she is “committing to pass the bipartisan infrastructure bill by September 27.” This is expected to drive the demand for industrial goods.

Given this backdrop, we think it could be wise to bet on quality industrial goods stocks Agilent Technologies, Inc. (A) and National Instruments Corporation (NATI). They have an overall A (Strong Buy) rating in our proprietary POWR Ratings system.

Agilent Technologies, Inc. (A)

Operating for more than two decades, Santa Clara, Calif.-based A functions primarily through Life Sciences and Applied Markets; Diagnostics, Genomics, and Agilent CrossLab segments. In addition, its life sciences and applied markets segment offer application-focused solutions, including instruments and software.

A signed a worldwide distribution agreement with Visiopharm today, enabling it to co-market Visiopharm’s portfolio of CE-IVD marked artificial intelligence (AI)-driven precision pathology software. This is expected to help expand the company’s product portfolio in the growing digital pathology market.

A’s net revenue increased 25.8% year-over-year to $1.59 billion in the third quarter, ended July 31, 2021. Its income from operations came in at $336 million, up 46.1% year-over-year. While its non-GAAP net income increased 38.7% year-over-year to $337 million, its non-GAAP EPS was t $1.10, up 41% year-over-year.

Analysts expect A’s revenue and EPS to increase 18.4% and 31.4%, respectively,  year-over-year to $6.32 billion and $4.31 in its fiscal year 2021. In addition, it has surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past nine months, the stock has gained 52.1% in price to close yesterday’s trading session at $175.45.

A’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall A rating, which indicates a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

A has a B grade for Value, Growth, Stability, Sentiment, and Quality. Within the Medical-Diagnostics/Research industry, it is ranked #1 of 56 stocks. Click here to see the additional POWR Rating for Momentum for A.

Note that A is one of the few stocks handpicked by our Chief Growth Strategist, Jaimini Desai, currently in the POWR Growth portfolio. Learn more here.

Click here to checkout our Healthcare Sector Report for 2021

National Instruments Corporation (NATI)

NATI offers a broad portfolio of software-centric platforms and systems to engineers and scientists like NI LabVIEW, NI VeriStand, NI InsightCM, and NI DIAdem. In addition, it serves software-connected systems in the semiconductor, transportation and aerospace, defense, and government (ADG) industries. NATI is based in Austin, Tex.

Seagate Technology Holdings plc (STX) and NATI collaborated in July 2021 to enhance data storage and transfer services, including delivering a first-of-its-kind advanced driver-assistance systems (ADAS) record offering. Together, they are expected to build a comprehensive portfolio for data storage. As a result, STX could witness increasing demand for the solutions.

NATI’s non-GAAP total revenues increased 15.3% year-over-year to $347.43 million for the second quarter, ended June 30, 2021. Its non-GAAP operating income increased 37.6% year-over-year to $59.89 million. Also, its non-GAAP net income increased 38.6% year-over-year to $46.81 million, while its non-GAAP EPS came in at $0.35, representing a 34.6% year-over-year rise.

For its fiscal year 2022, NATI’s revenue and EPS are expected to grow 8.8% and 70.6%, respectively, year-over-year to $1.59 billion and $1.16 In addition, it surpassed the consensus EPS estimates in each  of the trailing four quarters. Over the past nine months, the stock has gained 8.4% in price to close yesterday’s trading session at $42.12.

NATI’s strong fundamentals are reflected in its POWR ratings. The stock has an overall A rating, which equates to a Strong Buy in our proprietary rating system.

In addition, it has a B grade for Growth, Stability, and Quality. NATI is ranked #2 of 61 stocks in the Software – Business industry. Click here to see the additional POWR Ratings for NATI (Value, Sentiment, and Momentum).

Click here to check out our Software Industry Report for 2021


A shares were trading at $177.65 per share on Thursday morning, up $2.20 (+1.25%). Year-to-date, A has gained 50.60%, versus a 22.12% rise in the benchmark S&P 500 index during the same period.


About the Author: Manisha Chatterjee


Since she was young, Manisha has had a strong interest in the stock market. She majored in Economics in college and has a passion for writing, which has led to her career as a research analyst. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
AGet RatingGet RatingGet Rating
NATIGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


:  |  News, Ratings, and Charts

2022 Stock Market Outlook

The stock market (SPY) has continued on a bullish path in 2021. Will that continue in 2022? And what could happen to awaken the bear market from hibernation? 40 year investment veteran Steve Reitmeister explores this and more in this early edition of his 2022 Stock Market Outlook. Read on for full details below...

:  |  News, Ratings, and Charts

How Recent Bearish Sentiment Will Impact the Stock Market

Last week, the S&P 500 (SPY) fell during a short trading week. Multiple factors were weighing on investor sentiment. First was September's history for being a weaker month for stock performance. In addition, the previous week's August payrolls miss seemed to linger on investors' minds due to concerns that the delta variant of COVID was slowing the rebound in the economy. The real estate sector led declines as long-term interest rates increased. Consumer staples and utility stocks performed the best. In terms of market cap, the small-cap Russell 2000 Index underperformed the market after two strong weeks of outperforming the larger benchmarks. Growth stocks also outperformed Value stocks. I’ll discuss this and more below…

:  |  News, Ratings, and Charts

How to Turn Low Priced Stocks into BIG Winners?

Some investors are into growth stocks...some prefer value stocks while others are into momentum, income, chart patterns, insider trading and more. But one area that most investors agree upon is the great appeal in buying low priced stocks. Like those under $10 given the potential that prices soar and you easily beat the stock market (SPY). Read on to discover our brand new strategy for selecting low priced stocks that has led to a surprising +62.88% average annual return. Get the rest below...

:  |  News, Ratings, and Charts

3 Growth Stocks You Can Buy at a Reasonable Price

Even with growth stocks falling last week, investors are still pouring money into companies with strong growth potential. When you add in a value component, you get the best of both worlds. That's why investors should consider growth at a reasonable price stocks such as Westlake Chemical Corporation (WLK), ManpowerGroup (MAN), AutoNation, Inc. (AN).

:  |  News, Ratings, and Charts

How to Turn Low Priced Stocks into BIG Winners?

Some investors are into growth stocks...some prefer value stocks while others are into momentum, income, chart patterns, insider trading and more. But one area that most investors agree upon is the great appeal in buying low priced stocks. Like those under $10 given the potential that prices soar and you easily beat the stock market (SPY). Read on to discover our brand new strategy for selecting low priced stocks that has led to a surprising +62.88% average annual return. Get the rest below...

Read More Stories

More Agilent Technologies, Inc. (A) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All A News