ABM Industries Inc
NYSE:ABM

  • LAST PRICE
    57.9350
  • TODAY'S CHANGE (%)
    1.1450 (2.0162%)
  • Bid / Lots
    57.8700/ 2
  • Ask / Lots
    58.0000/ 6
  • Open / Previous Close
    57.2600 / 56.7900
  • Day Range
    57.2600
    58.1800
  • 52 Week Range
    39.6400
    59.7800
  • Volume
    64,839

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  • Nov 14, 2024

      Show headlines and story abstract

    • 7:15AM ET on Thursday Nov 14, 2024 by Dow Jones
      Companies Mentioned: ABM, APA, DELL, ABNB

      Jacob Sonenshine

      As the larger bull market rolls on, it makes sense to own economically sensitive stocks. Buy the higher-quality ones.

      Conditions are looking good for "cyclical" companies. For starters, the S&P 500 has gained 26% for the year, closing at 51 new records. Driving it higher has been more than just Big Tech: All 11 sectors are in the green for the year. The optimism comes as the economy is likely to continue to grow because the Federal Reserve remains on course to cut interest rates further. And a Trump presidency and Republican-controlled Congress likely mean individual tax cuts and more consumer spending.

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