2 Manufacturing Tool Stocks to Watch Out For Amid Pandemic

Players in the Zacks Manufacturing-Tools & Related Products industry are gaining from improved manufacturing activities as the severity of the pandemic has softened from the second quarter of 2020. Also, a surge in business in the e-commerce platform and a heightened demand for DIY products are acting as tailwinds.

However, existing end-market challenges due to the pandemic are clouding the industry players’ growth momentum. Also, a highly leveraged balance sheet is concerning. Two companies namely Stanley Black & Decker, Inc. (SWK) and Lincoln Electric Holdings, Inc. (LECO) are selected to watch for now.

About the Industry

The Zacks Manufacturing-Tools & Related Products industry comprises companies that develop and distribute hand and mechanics tools, hydraulic tools, engineered fastening systems and motion-control systems. Arc welding products, oxy-fuel cutting equipment, plasma cutters, storage system and other related products are also produced by some tool-makers.

The highly-advanced tools are used in industrial, commercial, oil

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Berlin rules out buyer premiums for fossil-fuel cars

The German government has allocated €2bn as stimulus for the automotive industry overall. Photo: Hendrik Schmidt/Reuters
The German government has allocated €2bn as stimulus for the automotive industry overall. Photo: Hendrik Schmidt/Reuters

Germany’s automotive companies, struggling with a coronavirus-induced drop in consumer demand, are not likely to receive government support in the form of subsidies for buyer premiums to boost sales of their petrol and diesel vehicles.

Politicians, including Bavarian state premier Markus Söder had called for the government to consider buyer premiums for internal combustion cars ahead of a car summit between automotive and supplier bosses, unions, and Angela Merkel’s government on Tuesday evening.

Söder warned of “mass job losses” in the industry. Transport minister Andreas Scheuer said that the inventory of petrol and diesel vehicles must be shifted off car lots.

READ MORE: German car chiefs demand more aid amid COVID-19 slump

However, according to a paper released after the meeting and seen by the German Press Agency, there is no mention of purchase

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AutoNation, Group 1 Automotive, Lithia Motors and Asbury Automotive

For Immediate Release

Chicago, IL – September 2, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: AutoNation, Inc. AN, Group 1 Automotive, Inc. GPI, Lithia Motors, Inc. LAD and Asbury Automotive Group, Inc. ABG.

Here are highlights from Tuesday’s Analyst Blog:

4 Undervalued Stocks to Snap Up Right Now

Sometimes, it pays to remember that the markets are always, ultimately, rational.

Which basically just means that good news is rewarded and bad news is punished.

So when there’s good news flowing in, you’ll typically see shares continuing to rise as more and more people find out. Conversely, when there’s some bad news, you’ll find more and more people jumping out of a stock as they find out.

This kind

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How Much Is Asbury Automotive Group, Inc. (NYSE:ABG) Paying Its CEO?

David Hult has been the CEO of Asbury Automotive Group, Inc. (NYSE:ABG) since 2018, and this article will examine the executive’s compensation with respect to the overall performance of the company. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company.

Check out our latest analysis for Asbury Automotive Group

Comparing Asbury Automotive Group, Inc.’s CEO Compensation With the industry

Our data indicates that Asbury Automotive Group, Inc. has a market capitalization of US$2.1b, and total annual CEO compensation was reported as US$5.5m for the year to December 2019. That’s a notable increase of 9.5% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$1.0m.

On comparing similar companies from the same industry with market caps ranging from US$1.0b to US$3.2b, we found that

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