Corporate America Bringing Manufacturing Jobs Back Home? Mentions Of 'Reshoring' And 'Onshoring' Spike On Earnings Calls
Portfolio Pulse from Benzinga Neuro
Mentions of 're-shoring', 'near-shoring', and 'on-shoring' have increased by 216% YoY since the start of 2022, indicating a trend of relocating manufacturing back to home countries. This has led to $516 billion in private company investments since President Joe Biden's inauguration. Companies like Sterling Infrastructure, Quanta Services Inc., TopBuild Corp., Emcor Group Inc., and Fluor Corp. have seen substantial rallies. International firms like Hyundai Motor Co. and Rivian Automotive Inc. are also bolstering U.S.-based manufacturing.
October 09, 2023 | 12:02 pm
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POSITIVE IMPACT
TopBuild Corp. has seen a substantial rally due to the reshoring trend.
The company's stock has rallied due to the reshoring trend, indicating a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Emcor Group Inc. has seen a substantial rally due to the reshoring trend.
The company's stock has rallied due to the reshoring trend, indicating a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Fluor Corp. has seen a substantial rally due to the reshoring trend.
The company's stock has rallied due to the reshoring trend, indicating a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Quanta Services Inc. has seen a substantial rally due to the reshoring trend.
The company's stock has rallied due to the reshoring trend, indicating a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rivian Automotive Inc. is bolstering U.S.-based manufacturing, which aligns with the reshoring trend.
The company's focus on U.S.-based manufacturing aligns with the reshoring trend, indicating a potential positive impact on its stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Sterling Infrastructure has benefited from the reshoring trend, with its market value increasing by 506% in the last four years.
The company's market value has significantly increased due to the reshoring trend, indicating a positive impact on its stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90