Mueller Industries Inc

Investors are rotating from technology into industrial stocks, with the S&P 500 Industrials Sector Index gaining 17.7% year-to-date versus 15.6% for information technology, and rising 5% in the past month while tech fell nearly 5%. Caterpillar shares have surged 175% over the past year, reporting first-quarter revenue of $17.4 billion and a record backlog of $63 billion, though its forward price-to-earnings ratio has climbed to 41.6. Hubbell completed its $3 billion acquisition of NSI Industries and posted first-quarter earnings per share of $3.42, with management guiding for full-year EPS of $17.45 to $18. Mueller Industries saw first-quarter revenue rise to $1.19 billion and net income jump to $259 million, ending the quarter with $1.38 billion in cash and no debt, and analysts see roughly 20% upside to its mean price target of $149.