Who are some of the sharpest teams/PMs (SM and MM)?
Industrials is a broad sector (from autos, to aerospace, to home builders, etc) so how is the coverage typically split?
A lot of these sub sectors are quite volatile, so where has the alpha been generated over the past few years?
Thanks!
There’s already a thread about best teams. For subsectors and coverage it typically depends - what did the PM come up covering as an analyst? If he’s an autos guy, he’s probably got more gross deployed and thus more sr analyst coverage in transpo/autos/specialty parts/airlines than say E&C which is more energy/electricity related but still “industrials”.
Would love to hear from others whether they have seen books more tilted to historical PM coverage or more balanced?
Everyone talks about it but getting in front of the “AI power trade” made good money in 2024 (VRT, PWR, GEV) as well as playing the capacity dynamics on the airlines side (UAL, AAL). The prior are broader thematics - my limited experience with quarterly trades are channel checks leading to variant segment EBITDA #s. 3P data is more limited than in say Consumer but still useful as well. Sellside, David Raso is good in machinery. These companies have been similar for years so barring structural reframing of the business it’s just staying on top of the s/d dynamics for whatever component/seat/chemical they sell
I’m not industrials, but adjacent
Could you share the existing thread about best teams you are referring to ? thanks !
Yes pls
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