Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 15.4% over the past six months. This performance was worse than the S&P 500’s 7.1% fall.

The elite companies can churn out earnings growth under any circumstance, however, and our mission at StockStory is to help you find them. On that note, here is one resilient industrials stock at the top of our wish list and two that may face trouble.

Two Industrials Stocks to Sell:

Hudson Technologies (HDSN)

Market Cap: $254 million

Founded in 1991, Hudson Technologies (NASDAQ:HDSN) specializes in refrigerant services and solutions, providing refrigerant sales, reclamation, and recycling.

Why Does HDSN Worry Us?

1. Products and services are facing significant end-market challenges during this cycle as sales have declined by 14.6% annually over the last two years

2. Forecasted revenue decline of 4.1% for the upcoming 12 months implies demand will fall even further

3. Earnings per share have contracted by 48.2% annually over the last two years, a headwind for returns as stock prices often echo long-term EPS performance

Hudson Technologies is trading at $5.80 per share, or 14.8x forward price-to-earnings. Check out our free in-depth research report to learn more about why HDSN doesn’t pass our bar .

Blink Charging (BLNK)

Market Cap: $76.77 million

One of the first EV charging companies to go public, Blink Charging (NASDAQ:BLNK) is a manufacturer, owner, operator, and provider of electric vehicle charging equipment and networked EV charging services.

Why Are We Cautious About BLNK?

1. Issuance of new shares over the last five years caused its earnings per share to fall by 10.2% annually while its revenue grew

2. Cash-burning history makes us doubt the long-term viability of its business model

3. Limited cash reserves may force the company to seek unfavorable financing terms that could dilute shareholders

Blink Charging’s stock price of $0.78 implies a valuation ratio of 0.6x forward price-to-sales. Read our free research report to see why you should think twice about including BLNK in your portfolio, it’s free .

One Industrials Stock to Buy:

AAON (AAON)

Market Cap: $6.84 billion

Backed by two million square feet of lab testing space, AAON (NASDAQ:AAON) makes heating, ventilation, and air conditioning equipment for different types of buildings.