Investopedia: ABB Gets Dinged On Orders, But Is It Timing Or Something Worse?

As more industrial companies report, what had originally looked like a pretty good quarter is looking increasingly mixed. While companies with exposure to aerospace, automotive, and energy markets are generally doing pretty well (including Honeywell (NYSE:HON), General Electric (NYSE:GE), and Dover (NYSE:DOV)), businesses leveraged to industrial and utility markets are seeing shakier results.

In the case of ABB (NYSE:ABB), the problem isn't so much about the quarter that is in the books, but rather the company's double-digit decline in orders. Although it seems that management believes this is mostly a timing issue, weakness in the peer group and declines in markets like mining and robotics could be more problematic. I'm still fundamentally bullish on ABB shares, and it's a rare undervalued industrial stock, but it may take a couple of quarters for the Street to feel comfortable with the story again.

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