2016 was the year when the market decided that industrial stocks were cheap and that buying into them ahead of a bounce in 2017 was a good idea -- an idea that held even as conditions worsened in the industrial economy as the year progressed. But what will 2017 bring? With many stocks now looking fully valued, picking the right ones is more important than ever. Let's look at three stocks that appear set to prosper: United Technologies (NYSE:UTX), Ingersoll-Rand Plc (NYSE:IR), and MSC Industrial Direct Co., Inc. (NYSE:MSM).
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