Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn as the industry has shed 13.5% over the past six months. This drawdown was worse than the S&P 500’s 7.5% fall.

A cautious approach is imperative when dabbling in these companies as the losers can be left for dead when the cycle naturally turns and the winners consolidate. With that said, here are three industrials stocks we’re swiping left on.

Belden (BDC)

Market Cap: $3.85 billion

With its enamel-coated copper wire used in WWI for the Allied forces, Belden (NYSE:BDC) designs, manufactures, and sells electronic components to various industries.

Why Does BDC Fall Short?

1. Annual sales declines of 2.8% for the past two years show its products and services struggled to connect with the market during this cycle

2. Flat earnings per share over the last two years underperformed the sector average

At $96.43 per share, Belden trades at 12.7x forward price-to-earnings. Read our free research report to see why you should think twice about including BDC in your portfolio, it’s free .

Tutor Perini (TPC)

Market Cap: $1.08 billion

Known for constructing the Philadelphia Eagles’ Stadium, Tutor Perini (NYSE:TPC) is a civil and building construction company offering diversified general contracting and design-build services.

Why Do We Steer Clear of TPC?

1. Sales were flat over the last five years, indicating it’s failed to expand this cycle

2. Waning returns on capital from an already weak starting point displays the inefficacy of management’s past and current investment decisions

3. Negative earnings profile makes it challenging to secure favorable financing terms from lenders

Tutor Perini is trading at $20.50 per share, or 12.8x forward price-to-earnings. Dive into our free research report to see why there are better opportunities than TPC .

Scorpio Tankers (STNG)

Market Cap: $1.62 billion

Operating one of the youngest fleets in the industry, Scorpio Tankers (NYSE: STNG) is an international provider of marine transportation services, specializing in the shipment of refined petroleum.

Why Is STNG Not Exciting?

1. Sluggish trends in its total vessels suggest customers aren’t adopting its solutions as quickly as the company hoped

2. Projected sales decline of 24.3% over the next 12 months indicates demand will continue deteriorating

3. Earnings per share have contracted by 5.7% annually over the last two years, a headwind for returns as stock prices often echo long-term EPS performance