Final hours! Save up to 55% OFF InvestingProCLAIM SALE

ATKR is One of My Top Picks for 2022

Published 12/03/2021, 02:08 PM
Updated 12/03/2021, 03:30 PM
© Reuters.  ATKR is One of My Top Picks for 2022

Atkore (ATKR) was founded in 1959 and is one of the top industrial suppliers in the US. The company is benefitting from a variety of tailwinds such as a strong recovery in the industrial sector across the globe, a looming housing inventory shortage, expectations of strong CAPEX spending, and the recent passage of the infrastructure bill. Read on to find out why it's a top stock for 2022.Atkore (ATKR) was founded in 1959 and is one of the top industrial suppliers in the US. It produces and sells a variety of products including electrical conduits and fittings, metal framing and fittings, mechanical pipes, modular support structures, etc. It offers its products under the sub-brands: Allied Tube & Conduit, AFC Cable Systems, Heritage Plastics, Unistrut, Power-Strut, Cope, Calpipe brands, etc.

The company is benefitting from a variety of tailwinds such as a strong recovery in the industrial sector across the globe, a looming housing inventory shortage, expectations of strong CAPEX spending, and the recent passage of the infrastructure bill. Further, the company is a leader in its categories which is resulting in pricing power, boosting the company’s margins.

Read on to find out why ATKR is one of our top picks for 2022...

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.