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Enpro, Valmont, Cummins, Regal Rexnord, and FTAI Infrastructure Shares Are Falling, What You Need To Know
StockStory37d agobearish
Enpro, Valmont, Cummins, Regal Rexnord, and FTAI Infrastructure Shares Are Falling, What You Need To Know

A number of stocks fell in the morning session after the latest industrial production report showed slower-than-expected growth for July. Data from the Federal Reserve indicated that U.S. industrial production rose by 0.2%, which was half of the 0.4% increase that analysts polled by The Wall Street Journal had anticipated. While this marked the second consecutive month of growth, it represented a slowdown from the previous month's revised figures. Manufacturing output also saw a modest 0.2% incr

Regal Rexnord (RRX) Orders Are Surging, So Why Is Margin Guidance Falling?
Insider Monkey43d agobearish
Regal Rexnord (RRX) Orders Are Surging, So Why Is Margin Guidance Falling?

Regal Rexnord (NYSE:RRX) just posted its strongest order growth in years in its August 5 earnings release, with a new chief executive at the helm as of July 1. Yet in the same breath, management trimmed its full-year profitability outlook. That contradiction, momentum on one line and caution on another, is the story investors have […]