Stocks · Theme
Cyclical industrial stocks · 44 research notes
44 Cyclical industrials stocks moving on the same story, each with a dated research note: thesis, kill line and next catalyst.
Active themeStage: maturing, as of 15 November 2026.
All 44 have a dated research note with a published kill line: the note's own test, stated in advance, of what would prove it wrong: a price level, a business fact, or both.
All stocksAPOGApogee EnterprisesMedium Apogee Enterprises' shares are modestly more likely to beat the S&P 500 because pricing and cost gains lifted fiscal 2027 adjusted EPS guidance to $3.00–$3.40 on 6 October 2026. The report expected around 6 January 2027 shows whether those…CMCOColumbus McKinnonMedium Columbus McKinnon's Kito Crosby merger is beating profit forecasts and its chief executive bought shares after the 3 November 2026 guidance raise; the fiscal third-quarter report, expected in early February 2027, must show leverage falling…GICGlobal IndustrialMedium Global Industrial Company's sales strategy is delivering high-single-digit daily sales growth and wider operating margins even without tariff refunds. The fourth-quarter report, expected around late February 2027, settles whether that…MTWManitowocMedium Manitowoc's crane orders and raised 2026 guidance give the shares a modest edge over the S&P 500; the fourth-quarter report, expected around February 2027, settles whether about $90 million of fourth-quarter free cash flow arrives.ONTOnterrisMedium Onterris's shares trade on a board-led strategic review that has engaged outside buyers and on a third-quarter cash flow recovery; a review outcome and fourth-quarter operating cash flow against the $30.0M–$40.0M guide settle the case.REZIResideo TechnologiesMedium Resideo Technologies is modestly more likely than not to beat the S&P 500 after a third-quarter beat in its first full quarter as a standalone controls maker. The fourth-quarter report expected in February 2027 shows whether its 6% core…CATCaterpillarLow Caterpillar's shares look more likely to lag the S&P 500, as political risk to data-center building and margins near the bottom of target outweigh a record $78 billion backlog. The 2027 outlook, expected around 2 February 2027, shows…CDNLCardinal Infrastructure GroupLow Cardinal Infrastructure Group's shares are more likely to lag the S&P 500 over three months after a 4.2% third-quarter margin, withdrawn 2026 guidance and a departing CFO. The fourth-quarter report, expected around March 2027, shows…DEDeereLow Deere & Company is more likely to lag the S&P 500 over three months because its shares already price in a 29% earnings rebound for fiscal 2027; the 25 November 2026 fourth-quarter report and first 2027 outlook show whether the company's…HAYWHayward HoldingsLow Hayward Holdings' raised 2026 guidance is already priced into shares trading above most broker targets, so they are more likely to lag the S&P 500; the late-February 2027 fourth-quarter report shows whether early-buy orders become sales.HRIHerc HoldingsLow Herc Holdings looks more likely to lag the S&P 500 over three months because its raised 2026 guide is largely priced in after shares rebounded to $173.90 on 11 November 2026 without new company news. The fourth-quarter report, expected…POOLLow Pool Corporation's shares closed at $221.05 on 9 November 2026, above the average analyst target after a third quarter of flat EPS, so they look more likely to lag the S&P 500 than lead it. The February 2027 report and its 2027 outlook…RYZRyerson HoldingLow Ryerson Holding's shares are more likely to lag the S&P 500 over three months despite an Olympic Steel merger running ahead of plan, because the 5 November 2026 fall is unexplained and fourth-quarter earnings are guided lower. The report…SWIMLatham GroupLow Latham Group's fiberglass share gains lift sales 12.5%, but its shares, up 11.9% in three months, look likely to lag the S&P 500 as management plans for a flat 2027 pool market. The 2027 outlook in early March 2027 settles it.AAAlcoaMedium Alcoa Corporation is modestly more likely than not to beat the S&P 500 over three months: alumina output recovered in the third quarter and Bank of America upgraded the shares to Buy on 5 November 2026. The fourth-quarter report, expected…ALNTAllientMedium Allient's record third-quarter orders and margins make the shares modestly more likely than not to beat the S&P 500 over three months; whether the $351.5 million backlog turns into revenue and cash, shown in fourth-quarter results due…CTOSCustom Truck One SourceMedium Custom Truck One Source's rental fleet growth and a third 2026 Adjusted EBITDA guidance raise, to $447.5–$460 million, make a modest lead over the S&P 500 more likely; Q4 truck deliveries and year-end leverage settle it.HNIMedium The Steelcase merger is lifting HNI Corporation's earnings faster than its sales: third-quarter adjusted EPS of $1.62 beat the $1.40 consensus, so the shares are slightly more likely than not to beat the S&P 500. The late-February 2027…PIIPolarisMedium Polaris Inc. is modestly more likely than not to beat the S&P 500 over three months on market-share gains and falling debt; the fourth-quarter report expected in late January 2027 shows whether retail and earnings excluding tariff refunds…PKOHPark-Ohio HoldingsMedium Park-Ohio raised 2026 adjusted earnings guidance to $3.35–$3.50 per share after record third-quarter sales of $458.5 million, but equipment backlog slipped to $242 million; the fourth-quarter cash flow report decides whether the earnings…SXCSuncoke EnergyMedium SunCoke Energy's industrial-services pivot is lifting earnings: third-quarter Adjusted EBITDA was $76.9M and 2026 guidance sits above $265M. Shares closed at $10.66 on 10 November 2026; the Granite City 2027 coke agreement settles what…TBITrueblueMedium TrueBlue's staffing recovery is in reported results (third-quarter revenue $520.7 million, fourth-quarter outlook $499–519 million), so the shares are more likely to lead the S&P 500 over three months; the late-February 2027 report tests…WSCWillScot HoldingsMedium WillScot Holdings is more likely to lead the S&P 500 over three months: third-quarter sales of $601.3 million beat estimates and 2026 sales guidance rose to $2.340 billion, while the fourth-quarter report decides whether the 38.8% adjusted…XMTRXometryMedium Xometry's custom-parts marketplace reported 40% revenue growth on 3 November 2026 and raised its 2026 outlook, which leaves the shares modestly more likely than not to beat the S&P 500 over three months. The fourth-quarter report must…AGCOLow AGCO Corporation's farm-equipment recovery now rests on 2027 after a third-quarter sales miss and a 2026 sales guidance cut on 29 October 2026, so the shares are more likely to lag the S&P 500; Deere's expected 25 November 2026 report is…AZZLow AZZ Inc.'s galvanizing recovery is real, but the shares sit under their 50- and 200-day averages and are more likely to lag the S&P 500; the fiscal third-quarter report, expected around 7 January 2027, decides whether the raised guidance…BOOMDMC GlobalLow DMC Global's shares look more likely to lag the S&P 500 than lead it: the fourth-quarter guide steps down and the $187.1 million Arcadia minority put is still open, despite a real cost-cut recovery. The fourth-quarter report, expected…CLFCleveland-CliffsLow Cleveland-Cliffs shares are more likely to lag the S&P 500: steel earnings are recovering, but Canada's Stelco dispute is unresolved after the shares rebounded to $13.14 on 11 November 2026. An Ottawa court filing or the fourth-quarter…CLWClearwater PaperLow Clearwater Paper's paperboard price increases are reaching its sales, but Augusta mill failures and a $10–20 million fourth-quarter EBITDA guide leave the shares more likely to lag the S&P 500; the fourth-quarter report settles it.CNHCNH IndustrialLow CNH Industrial raised 2026 earnings guidance on 9 November 2026, but tariff refunds drove the beat and farm-equipment demand is still falling, so the shares are more likely to lag the S&P 500; the 2027 outlook in early February settles it.EDRYEuroDryLow EuroDry's shares are more likely to lag the S&P 500 despite a third-quarter earnings beat, because nine of its eleven ships reset charters in November and December 2026 into a softer dry-bulk market. The fourth-quarter charter rates those…FETForum Energy TechnologiesLow Forum Energy Technologies beat third-quarter profit estimates, but flat fourth-quarter guidance and drilling orders below revenue leave the shares more likely to lag the S&P 500; the fourth-quarter report, estimated for late February 2027,…FRDFriedman IndustriesLow Friedman Industries' record September quarter is already reflected in a share price that fell after the report, so the shares are more likely to lag the S&P 500 over three months; the December-quarter report settles whether steel margins…HTLDHeartland ExpressLow Heartland Express is more likely to lag the S&P 500 over three months: its third-quarter 2026 operating ratio was 98.7% against 91.0% in the second quarter, and the fourth-quarter report, expected around February 2027, shows whether…KROKronos WorldwideLow Kronos Worldwide's third-quarter titanium-dioxide profit recovery is real, but management guided to a softer fourth quarter and debt is $539.9 million, so the shares are more likely to lag the S&P 500 over three months; fourth-quarter…MANManpowerGroupLow ManpowerGroup's recovery case is unconfirmed: October temporary hiring rebounded, but BofA and BNP Paribas cut the shares to Neutral on 3 November 2026, and the fourth-quarter report decides whether the $1.03–$1.13 EPS guide holds.MLKNMillerKnollLow MillerKnoll's recovery hinges on orders turning into sales, and the shares are more likely to lag the S&P 500 than lead it; the fiscal second-quarter report, expected around 17 December 2026, shows whether sales reach guidance.MYEMyers IndustriesLow Myers Industries' shares are more likely to lag the S&P 500 over three months: third-quarter gross margin fell to 27.3% from 34.3% on resin costs. The fourth-quarter report, expected around late February 2027, settles whether the promised…NWPXNWPX InfrastructureLow NWPX Infrastructure beat third-quarter estimates with record $179.4M revenue, but signed water-pipe backlog fell to $264M and the shares closed at $91.68; the fourth-quarter report in early 2027 shows whether new awards replace the…ODFLOld Dominion Freight LineLow Old Dominion Freight Line's recovery is not yet being paid for: the shares closed at $168.02 on 10 November 2026 after a Q3 beat and a round of target cuts. The early-December operating update settles whether tonnage and pricing hold.PRLBProto LabsLow Proto Labs' shares are more likely to lag the S&P 500 over three months: record third-quarter revenue was offset by a 44.5% gross margin, and the fourth-quarter report in late February 2027 shows whether margins recover.SNDRSchneider NationalLow Schneider National's earnings are improving, but its shares are more likely to lag the S&P 500 over three months: they closed at $28.95 on 12 November 2026, below both moving averages, after brokers cut targets. Freight data and the…TITNTitan MachineryLow Titan Machinery's shares, up 26.9% in three months, are more likely to lag the S&P 500 than lead it until results show a farm-equipment recovery; the 24 November 2026 fiscal third-quarter report must show inventory below $931.5 million.WNCWabash NationalLow Wabash National's trailer orders have recovered faster than its profits, so the shares look more likely to lag the S&P 500 over three months. Backlog hit $1,198 million at 30 September 2026, yet the company guides to a Q4 adjusted loss of…