Best industrial stocks to buy in 2023

The industrial industry makes up a third of the overall economy and includes some of the biggest companies in the world. Here our experts pick the top five to invest in right now.
By:  & 
Updated: Dec 6, 2022

Trade your favourite markets with our top-rated broker, eToro.


77% of retail CFD accounts lose money.

Visit site

Our financial experts have analysed the markets to find the top industrial stocks. Use this page to find out what they are, and get some background on each one.

What are the top industrial stocks to buy?

Copy link to section

Here are the top industrial companies around, as chosen by our experts. You can find their latest share price by following the links in the table, or keep reading to learn more about why they were picked.

#Stock symbolCompany nameTrade now
1HONHoneywell Inc.
Trade HON

77% of retail CFD accounts lose money.

2URIUnited Rentals Inc.
3GNRCGenerac Holdings Inc.
4MRCYMercury Systems Inc.
5GEGeneral Electric Company
Trade GE

77% of retail CFD accounts lose money.

List chosen by our team of analysts, updated November 2023.

1. Honeywell International Inc. (NYSE: HON)

Copy link to section

Honeywell is an American company that’s heavily involved in a wide range of industries, from aerospace and defence to energy and construction. That means it’s output is extremely diverse, and things from military aircraft to thermostats and smart meters carry the Honeywell brand.

The company was doing well before the coronavirus pandemic, with HON’s share price up 50% in a couple of years beforehand, and has recovered well since. That recovery is what’s helped it take top spot on this list, as it was able to quickly adapt to the pandemic, innovating to reduce the hit from a fall in air travel and demand from the energy sector.

Part of the innovation came from its warehouse automation systems, and that, like smart meters, is a future-proof revenue stream. Meanwhile many of the industries it’s involved in are constantly innovating, so the demand for new products and new technology is always there.

Sign-up & trade Honeywell International Inc.

77% of retail CFD accounts lose money.

 2. United Rentals Inc. (NYSE: URI)

Copy link to section

United Rentals is a US-based vehicle rental company that operates across North America. It owns the largest fleet of rental vehicles in the world. It mainly leases out trucks and construction equipment, like work platforms and forklifts.

The last decade has been extremely good for the company, which was added to the benchmark S&P 500 Index in 2014 and has made a series of acquisitions since 2017 to expand. That made it perfectly placed to capitalise on the pandemic construction boom.

A 350% increase in value in a year after the March 2020 market fall is proof of how well United Rentals has been able to take advantage. It has also recently added mobile storage and office space to its resume as well, as it continues to expand to offer more and more rental opportunities.

Sign-up & trade United Rentals Inc.

3. Generac Holdings Inc. (NYSE: GNRC)

Copy link to section

Based in the US, Generac manufactures power generators. These can provide backup power for homeowners, or be a portable source of power for commercial or industrial sites. 

Although power generation isn’t the most glamourous business, Generac has been able to translate it into a long history of steady share price performance. Since the pandemic, however, it has soared: it climbed more than 250% in a year from April 2020-21.

That’s in part thanks to a convergence of factors, like more demand from construction sites, the unreliability of grid power sources – most notably during the ‘big freeze’ in Texas – and its own growing range of products that offer portable, clean energy. All of these are likely to remain important into the future and are enough to earn Generact third place on our list.

Sign-up & trade Generac Holdings Inc.

4. Mercury Systems Inc (NASDAQ: MRCY)

Copy link to section

Mercury Systems designs and manufactures computer systems for the aerospace and defence industries. Its technology comes in the form of software and hardware that contractors – like the US government – can use to bring cutting-edge technology into their mission control.

Mercury has been on an upward trend since 2013, and it’s done well offering ‘future-proof’ technology to an industry that always wants to be at the very leading edge of it. It has been steadily growing its revenue year-on-year, and every quarter since 2014 has reported some level of growth on the previous year.

Performance like that is extremely promising for the future and is what’s helped Mercury earn a spot on this list. Some recent volatility has made it a bit more of an affordable stock, but it remains one that looks good for the long term.

Sign-up & trade Mercury Systems Inc

5. General Electric Company (NYSE: GE)

Copy link to section

The General Electric Company traces its origins all the way back to Thomas Edison in the late 19th century. These days, GE is a giant conglomerate that generates and distributes electricity to power all sorts of industries, from regular lighting, to automotive and aviation engines, to medical imaging.

GE is on this list as a longer term investment option. It’s shifting its focus towards new growth areas, like healthcare and renewable energy, to compliment aviation, which currently makes up a big part of its revenue. That aviation sector was hit hard by COVID-19, and it took more than a year for GE to recover back its pre-pandemic stock price as a result.

In the past, GE has scaled highs of $40-50 per share. Although it’s a long way from that now, this transition is part of a multi-year plan to reestablish itself as a leading player in the game. While you’re unlikely to see surging growth, there is the possibility of a steady increase over time instead.

Sign-up & trade General Electric Company

77% of retail CFD accounts lose money.

Where to buy the best industrial shares

Copy link to section

To get your hands on some industrial stock, you need to find a broker. We have reviewed all the leading options and any of the trading platforms below is a good place to start.

Min. Deposit
$ 10
Best offer
User Score
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:

77% of retail CFD accounts lose money.

Min. Deposit
$ 100
Best offer
User Score
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Min. Deposit
Best offer
User Score
Diverse Stock Selection: Interactive Brokers offers a wide range of domestic and international stocks, providing investors with a diverse array of options for their portfolios.
Advanced Trading Tools: Investors benefit from real-time market data and advanced tools, empowering them to make informed decisions and execute trades with precision in the dynamic stock market.
Easy Portfolio Management: Interactive Brokers makes it simple to handle your investments by allowing you to easily switch between stocks and other assets on one platform, streamlining the way you manage your overall portfolio.
Start Trading
Payment Methods:
ACH, Bank Wire, Check
Full Regulations:

What is an industrial stock?

Copy link to section

Any company that’s involved in producing equipment, machinery, or supplies for the construction or manufacturing sectors. While this often means developing heavy-duty hardware like engines, it can also mean creating the technology to make those sectors more efficient, or operating the transport that moves their goods around.

Are industrial shares a good investment?

Copy link to section

It depends on the current state of the global economy and the makeup of the rest of your portfolio. Industrial stocks tend to be cyclical, which means they do well when the economy is good, and less well during recessions or times when there’s not as much free cash to go around.

While it pays to be cautious, industrial companies tend to perform very well when the market is good – often outperforming other sectors by a large margin. Often the best way to invest is to balance some cyclical companies, like the industrial stocks above, with a few more defensive investments, like supermarkets or utilities.

If you decide to invest in industrial shares, then you want to keep track of how the economy is looking at the moment. You can do so using the links below, which also features our most up-to-date analysis on the state of the industrial market.

Sign up to a broker to buy industrial stocks

Latest industrial news

Copy link to section
Apple Inc (NASDAQ: AAPL) is in focus in extended hours after it reportedly proposed to end its high-profile partnership with Goldman Sachs Group Inc (NYSE: GS). Goldman Sachs handles the Apple Card Anonymous sources told CNBC today that the tech titan wants to unwind the said collaboration that powe
Gulf Cooperation Council is an attractive region to invest in amidst the ongoing political and economic turbulence in several parts of the world, says Ray Dalio. Dalio is particularly interested in the UAE The billionaire founder of Bridgewater Associates is particularly bullish on the United Arab E
Crocs Inc (NASDAQ: CROX) has already gained about 30% in a couple of weeks but a Raymond James analyst is convinced that the stock is not out of juice just yet. Crocs stock could climb further to $115 Rick Patel upgraded the footwear company to “strong buy” and added it as well to his list [… Inc (NASDAQ: AMZN) announced a new artificial intelligence chip – the “Trainium2” at its Reinvent conference today. Its shares are still slightly in the red at writing. What we know about the Trainium2 Trainium2 will be four times more powerful than its predecessor in terms of overall per
Bybit, a cryptocurrency exchange headquartered in Dubai, recently hit a significant milestone ahead of its fifth anniversary: surpassing 20 million registered users. This achievement, highlighted by the platform, underscores the growing trust and confidence of the global community in cryptocurrency.
Wheeler Real Estate (WHLR) stock price has crashed to a record low as concerns about the company’s future continue. The REIT’s shares plunged to a low of $0.4156 on Tuesday, down by over 99.9% from the highest point during the pandemic. At its peak at $131.87 in 2017, meaning that its total market c

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.
Jayson Derrick
Senior Editor of News
Jayson was the Lead News Editor at Invezz until 2023 overseeing the team of reporters, analysts and strategic direction of news content. He traded stocks professionally... read more.