A stock market is where companies can raise capital to fund their operations and growth. Trading companies are intermediaries, wholesalers, and suppliers specializing in a single product or service type. They buy goods from manufacturers or producers and resell them to other businesses. These companies help manufacturers find new customers and sell their products more efficiently. They also provide essential services such as storage, shipping, and financing. In general, trading companies don’t produce products but act as suppliers to other businesses producing goods for consumers. Look at the top trading companies & distributors stocks you should buy in 2022.
Applied Industrial Technologies (AIT) is a manufacturer and distributor of industrial automation and process equipment. The company specializes in the aerospace, automotive, plastics, packaging, and metals and mining industries. Automation makes machines and production processes more efficient to improve quality and reduce costs.AIT stocks have been on a steady upward climb for the past year. The company’s earnings are expected to grow by 17% this year. The stock’s price-to-earnings ratio is currently around 22, which is low relative to the industry average of 25. Applied Industrial Technologies (AIT) has a strong balance sheet with no long-term debt. In addition, the company has a significant amount of cash ($271 million).
SiteOne Landscape Supply (SITE) is a national distributor of lawn and garden products. The company’s product portfolio includes fertilizers, pesticides, and grass seeds. SITE stocks have been on a solid upward trajectory over the past year. The stock has a low price-to-earnings ratio of around 20. This is low relative to the industry average of 25. The company has also maintained a strong balance sheet with no long-term debt. SiteOne Landscape Supply (SITE) has $66 million in cash.
Watsco (WSO) is a distributor of HVACR (heating, ventilation, air conditioning, and refrigeration) equipment. The company also provides installation and repair services. Watch stocks have grown steadily in the past year. The store has a low price-to-earnings ratio of around 20. This is low relative to the industry average of 25. Watsco’s (WSO) strong balance sheet also includes no long-term debt. The company has $355 million in cash on its books. Watsco has also been increasing its dividends since 2013. The company currently pays a quarterly dividend of $0.30 per share. The company has been raising its dividend by an average of 10% per year over the past five years.
MSC Industrial Direct Company (MSM) is an industrial parts and supplies distributor. The company specializes in products for the mining, railroads, construction, and aviation industries.MSM stocks have been growing steadily in the past year. The stock has a low price-to-earnings ratio of around 19. This is low relative to the industry average of 25.MSC Industrial Direct Company (MSM) has a strong balance sheet with no long-term debt. The company has $220 million in cash on its books.MSC Industrial Direct Company (MSM) has also increased its dividend since 2016. The company currently pays a quarterly dividend of $0.30 per share. The company has been growing its dividend by an average of 10% per year over the past five years.
A stock market is where companies can raise capital to fund their operations and growth. Trading companies are intermediaries, wholesalers, and suppliers specializing in a single product or service type. They buy goods from manufacturers or producers and resell them to other businesses. These companies help manufacturers find new customers and sell their products more efficiently. They also provide essential services such as storage, shipping, and financing. In general, trading companies don’t produce products but act as suppliers to other businesses producing goods for consumers. With record high levels of investor confidence, the S&P 500 is expected to continue its run towards new all-time highs. Traders eager to take advantage of this trend should keep an eye on the best stocks to buy in 2022.
Roberto holds a Master's Degree in Communication and proudly wears his 15 years of direct and managerial experience in intensive Digital Marketing and Financial Analytics. He was the founder of Good Noon, a Digital Marketing Agency awarded by Expertise among the top 10 best marketing agencies in San Francisco in 2020.
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