Emerson Continues To Hit New Highs
Amid all of this talk about the global slowdown, and Goldman taking down their forecasts for economic growth, someone forgot to tell the execs at Emerson (EMR).
Last week, EMR said that October orders rose 10-15% yr/yr. They noted that the global expansion in the energy sector lead to order growth of 15-20% in that segment, and +20% in the network power segment as well.
The stock continues to hit new all-time highs, even as GE languishes. EMR has excellent management, and this could be a good "tell" that the global growth story isn't about to collapse just yet.
Last week, EMR said that October orders rose 10-15% yr/yr. They noted that the global expansion in the energy sector lead to order growth of 15-20% in that segment, and +20% in the network power segment as well.
The stock continues to hit new all-time highs, even as GE languishes. EMR has excellent management, and this could be a good "tell" that the global growth story isn't about to collapse just yet.
long EMR, GS
posted by J. Kahn @ 9:04 AM
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