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Zacks Highlights 3M, Griffon, GPGI, and Public Policy as Diversified Operations Stocks to Watch
Zacks Equity Research identifies 3M, Griffon, GPGI, and Public Policy Holding Company as diversified operations stocks poised to benefit from favorable industry trends. The Zacks Diversified Operations industry is gaining from a strengthening manufacturing sector, with the ISM Manufacturing PMI reaching 54% in May, and robust demand in aerospace, defense, and home and building products. However, supply-chain disruptions remain a concern, with the ISM Supplier Deliveries Index indicating slower deliveries for the seventh straight month. The industry carries a Zacks Industry Rank of 100, placing it in the top 40% of 247 industries, though it has underperformed the S&P 500 over the past year, declining 5.8% versus the index's 23.3% gain. Among the highlighted stocks, GPGI holds a Zacks Rank #1 (Strong Buy), while 3M, Griffon, and Public Policy Holding each carry a Zacks Rank #2 (Buy).