Investors await U.K. capital goods Q3 results with cautious optimism By Investing.com
Update: 2025-11-04
Description
Investors in the UK's capital goods sector are gearing up for third-quarter earnings reports, with JP Morgan predicting most companies will maintain their full-year forecasts. Despite a 14% stock price increase this year, UK capital goods stocks are valued at 18 times expected earnings, 3% cheaper than European rivals but 26% higher than the broader market. Analysts are watching for a potential discount that could make UK stocks more attractive. Business trends vary, with US data centers and infrastructure growing, European short-cycle businesses improving, and aerospace and defense performing well. Automakers and US non-residential construction are still facing challenges. JP Morgan analysts are optimistic about IMI and Spirax Group, cautious on Bodycote, and neutral on Weir Group. Excitement is brewing in semiconductors and biopharma, as third-quarter results approach and investors await how companies handle demand shifts and maintain optimism for 2026.
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