Emerson Electric Hits New Highs

Amid all of this talk about the global slowdown, and Goldman (GS) taking down its forecasts for economic growth, someone forgot to tell the execs at Emerson (EMR).

Last week, Emerson said that October orders rose 10-15% y-o-y. The company noted that the global expansion in the energy sector lead to order growth of 15-20% in that segment, and +20% in the network power segment as well.

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The stock continues to hit new all-time highs, even as General Electric (GE) languishes. EMR has excellent management, and this could be a good "tell" that the global growth story isn't about to collapse just yet.

Disclosure: The author is long EMR, and GS.