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4 ‘Oily Industrial’ Stocks to Buy After Oil’s Collapse

Emerson Electric reported better-than-expected earnings last week.

Photograph courtesy of BP

Low oil prices have created some nice bargains among “oily industrials”—big manufacturing firms with hefty sales to the energy industry.

Take Flowserve (ticker: FLS), a leader in pumps, valves, and seals. It generates about 40% of sales from energy-related customers—from oil drillers to electricity producers. Covid-19 and low energy prices have crushed this year’s estimated earnings by 30%, to $1.77 a share. But the stock has lost about half its value. At $25.43, it trades for 13 times estimated 2021 profits, well off its...

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