Machinery finance shares rallied after factory activity

Machinery finance shares rallied after factory activity data hit a 12-month high. Investors are pricing in stronger loan growth to manufacturers, reflecting increased demand for financing solutions. RSI indicators suggest room for upside before overbought territory is reached. Texas gunmaker Watchtower filed for bankruptcy earlier this year amid lower consumer demand for guns after the pandemic boom . Now, the seller of firearms, suppressors and accessories is working on a comeback. All applicants may be interested in the Fellowships and Scholarships Office . The School of Computer Science also maintains a list of Graduate Fellowship Opportunities that may be of particular interest to SCS graduate students. Institutional research notes machinery finance companies are benefiting from accelerated factory automation trends. Loan issuances for robotics-related machinery rose 9% last quarter, supporting sector performance.