Axon (AXON) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Both the near-term and long-term outlooks for this industry looks bright.
Here is how Axon Enterprise (AXON) and Belden (BDC) have performed compared to their sector so far this year.

Top Industrial Stocks for May 2023

10:31am, Wednesday, 17'th May 2023
ZIM Integrated Shipping Services, Sun Country Airlines, and Evolv Technologies lead for value, growth, and momentum, respectively.
Axon stock dropped, but the news from Axon was great in the first quarter.
Corporate profits in the S&P 500 are coming in strong. So strong, in fact, that some keep blowing away even the analysts' expectations.

Why Axon Enterprise Stock Is Up Today

11:26am, Thursday, 11'th May 2023
A day after Axon shares sold off, a number of analysts rallied in the company's defense. The stock received a number of price target boosts and one analyst upgrade.
Axon Enterprise's first-quarter earnings and sales beat Wall Street estimates.

Why Axon Stock Got Hammered Today

12:36pm, Wednesday, 10'th May 2023
Axon's latest quarterly numbers were good and full-year guidance was increased. The company's contracted backlog grew at a slower pace than it did this time last year, which seems to have rattled the
Everyone knows just a handful of giant stocks are driving the S&P 500's market value gains. But investors are making gains on pure growth.
Axon Enterprise, Inc. (NASDAQ:AXON ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Andrea James - Chief Communications Officer Patrick Smith - Chief Executive Officer Jo
The headline numbers for Axon (AXON) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates a
Axon's (AXON) Q1 performance is expected to have benefited from strong demand for its latest generation devices. However, cost inflation and supply-chain woes might have weighed on the same.
Blackstone, the largest company not in the index, will have to wait for inclusion.
First Republic Bank's spot in the S&P 500 Index will be taken over by Axon Enterprise Inc., S&P Dow Jones Indices said Monday, following the bank's collapse and a planned takeover by JPMorgan Chase.
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