While President Trump’s tariffs are creating uncertainty in the near term, they are laying the groundwork for a stronger U.S. economy and a revitalization of American manufacturing, Barron’s reports.

The Trump administration believes fortifying manufacturing is critical. Since 2001, when China joined the World Trade Organization, America’s share of the world’s manufacturing dropped from 25% to 15%, and five million U.S. jobs disappeared. It’s no wonder, since a U.S. factory worker is well-paid at $30 an hour versus the $3 an hour a Mexican worker makes.

The shift in global trade could result in more jobs, modern factories, and more expensive but higher-quality American goods.

As U.S. Vice President J.D. Vance put it in a March 14 speech in Michigan, “Being able to make things is good because it creates self-sufficiency as a nation, and it creates self-sufficiency in our people. More importantly, manufacturing jobs are good for our workers.”

Here are 10 industrial stocks poised to benefit from a modernized factory boom. They cover construction, power, automation, and artificial intelligence.

1. Eaton (ETN), a Beaton, Ohio, manufacturer of electricity substation hardware and software, benefits from demand for electricity.
   
   Since peaking in January at $371, ETN has dropped on fears of DeepSeek’s dominance in artificial intelligence.
   
   Barron’s see the dip as the right time to buy the stock. At an investor day in March, Eaton laid out its plans to grow 6% to 9% a year through 2030, along with expanding its profit margins by four percentage points from nearly 20% in 2024.
   
   After the event KeyBanc analyst Jeffrey Hammond upgraded ETN to Buy from Hold and set a $340 target, up 15% from $294 a share.
    
2. CRH (CRH) is one of the world’s biggest building materials, road and infrastructure construction companies, making cement, asphalt and other construction-related products. While based in Dublin, 61% of its revenue is from the U.S.
   
   Its vertically integrated model “enables the company to profit from the entire value chain,” says Truist Securities analyst Keith Hughes. CRH has also acquired more than 800 companies.
   
   Hughes rates CRH a Buy with a $120 price target, up 22% from $98.76.
    
3. Rockwell Automation (ROK) of Milwaukee automates and digitalizes manufacturing. In recent years, ROK has not kept pace with other manufacturing automation makers, but appears set to turn things around.
   
   Leading Oppenheimer analyst Noah Kaye in February said demand for Rockwell’s offerings is “inflecting.”
   
   Wall Street analysts project Rockwell’s annual earnings will grow 17% over the next two years, and Kaye has a $320 price target on ROK, a 23% increase from a recent $260.
    
4. Ametek (AME) of Berwyn, Pennsylvania, makes a wide range of electronic instruments and electromechanical devices for a host of industries. It is also poised to benefit immensely from factory automation.
   
   Wall Street sees Ametek growing earnings by 10% a year on average over the next few years. Bank of America Securities analyst Andrew Obin says: “Ametek is a good management team with broad exposure to capital spending trends.”
   
   Obin has a Buy rating and a $225 price target on the stock, a 27% premium to recent levels.
    
5. GE Verona (GEV), headquartered in Cambridge, Massachusetts and a GE spin-off, builds turbines, wind generators and products to distribute electricity. Like Eaton, GEV dropped 20% since DeepSeek’s Jan. 27 AI surprise.
   
   Again, analysts believe it’s time to buy on the dip. Obin has a Buy on GEV with a $485 price target, up 44% from a recent $335.80.
    
6. Caterpillar (CAT) is another stock that could benefit from a building boom, along with:
    
7. Aecom (ACM), which builds the plants. Other potential stock buys include:
    
8. Quanta Services (PWR)
    
9. Prysmian (PRY.MI), and
    
10. Schneider Electric (SU.PA) Just this past Tuesday, Schneider Electric said it plans to invest over $700 million in its U.S. operations over the next two years amid tariff threats that could affect the French electrical equipment maker.
    
    The company said the investment, to be made through 2027, will focus on bolstering the U.S. energy infrastructure to power AI growth, boost domestic manufacturing and strengthen energy security.
     

Another, broad-based way to invest in a potential U.S. manufacturing boom is to put money into an exchange-traded fund focused on the sector.

Some options include:

• First Trust RBA American Industrial Renaissance ETF
• Industrial Select Sector SPDR ETF
• iShares U.S. Industrials ETF
• iShares U.S. Manufacturing ETF
• Vanguard Industrials ETF