Automation industry emerges as a cost-cutting tool during interest rate hikes
EMR Emerson Electric Co
$162.33 +0.45%
View chart & analysis → - 1Interest expenses for companies are increasing and inflationary pressures are mounting due to the interest rate hike cycle.
- 2Rockwell Automation has a market capitalization of $50 billion.
- 3Honeywell Technologies recently spun off its aerospace division, Honeywell Aerospace.
So what's the key point?
As prices rise and interest burdens grow, companies are working to reduce costs. This is a situation where automation industries like Rockwell Automation could receive attention.
Source Nasdaq +1 · View original ↗
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