Rockwell among stocks to play revival of U.S. manufacturing, Barron’s says

Three years ago, there was talk of reshoring, and onshoring, and back-shoring, and all the other terms for bringing more manufacturing home to America. Skepticism was high, because the idea wasn’t new, Jack Hough writes in this week’s edition of Barron’s. Now there is clearer momentum. Intel (INTC), General Motors (GM), U.S. Steel (X), Eli Lilly (LLY), and others are building big U.S. factories. Don’t picture factories across Asia suddenly closing and relocating to Tennessee. Companies are more likely to look to the U.S. for incremental manufacturing, the author notes. Among listed companies, obvious beneficiaries include Rockwell Automation (ROK), Emerson Electric (EMR), and Eaton (ETN). Other well-positioned companies include Trane Technologies (TT), Amphenol (APH), Keysight Technologies (KEYS), and W.W. Grainger (GWW).