Are Analog Devices’ Numbers A Bad Omen For The Global Economy?

Quarterly earnings reports and guidance are always important for shareholders, but Moneyball Economics analyst Andrew Zatlin believes that there are two companies with particularly meaningful numbers. According to Zatlin, Rockwell Automation and Analog Devices are two of the best leading U.S. economic indicators available.

What Do Rockwell’s Numbers Say?

Since a large amount of Rockwell’s chips are used in factory automation, mining equipment, oil infrastructure and other heavy industrial settings, Zatlin sees the company as a bellwether for U.S. industrials. He believes that Rockwell’s diverse customer base makes it an even better indicator than Caterpillar Inc. CAT 0.03%.

Since Rockwell recently guided for no growth until the second half of 2016, Zatlin predicts that U.S. Industrial Production will likely be stagnate until at least Q3 of next year.

What Do Analog Devices Numbers Say?

Analog Devices, on the other hand, is…

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