Buy Ferguson stock as it could be joining S&P 500, Barron’s says

Sometimes, boring businesses make exciting investments. In the case of Ferguson, a wholesale distributor of plumbing, heating, ventilation, and air-conditioning products, boring could prove exciting enough to put it in the S&P 500, Al Root writes in this week’s edition of Barron’s. Plumbing might not capture hearts and minds, but it is necessary-and that’s a good thing in this economy, with rising interest rates stirring concerns of a potential slowdown. Not only does Ferguson’s valuation look downright cheap, some catalysts could boost the shares, the author argues. Reference Link