Industrials: Otis & ChargePoint Fade, RBC Bearings Shines

Industrials sector, including elevator giant Otis and EV charging leader ChargePoint, has seen mixed performance. Otis struggles with organic revenue growth and soft demand, while ChargePoint faces ongoing losses and tough debt. However, RBC Bearings, a maker of high-tech bearings, stands out with twenty-one percent annual revenue growth and solid free cash flow margin. Despite stretched valuations, shares gaining market share in tough cycles may offer the real edge.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.