Zigging when everyone is zagging can be a good strategy, even if it means some short-term pain. That appears to be the case with Regal Rexnord whose stock looks like a buy following a recent selloff.
Industrial stocks have been on fire lately. The Industrial Select Sector SPDR exchange-traded fund (ticker: XLI) has gained about 20% since the end of September, about double the S&P 500 index’s 10% gain over the same span, while Caterpillar (CAT) has jumped 40% and Rockwell Automation (ROK) has gained 20%. Yet Regal Rexnord (RRX), a maker of motors and powertrain equipment used in factories, has slumped 15% over the same period.
Source: finance.yahoo.com
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