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Mutual funds are increasingly looking to manufacturing stocks as a way to generate alpha. After years of being overlooked by fund managers, manufacturing stocks are now seen as a potential source of growth and diversification. The global manufacturing sector is expected to grow at a faster pace than the overall economy in the coming years, and manufacturing stocks are becoming more attractively valued. As a result, mutual funds are increasingly adding manufacturing stocks to their portfolios. Some of the top midcap manufacturing stocks that are being picked by mutual funds include Bharat Forge, JSW Steel, Arvind Limited, Lupin Limited, and Motherson Sumi Systems.

An investment advisor believes that the pharmaceutical industry has greater profitability than the IT services industry. This is due to the fact that pharmaceutical companies have higher gross margins and lower operating expenses than IT services companies. Pharmaceutical companies also have a longer product lifecycle than IT services companies. As a result, the advisor believes that pharmaceutical companies have a greater ability to generate profits and cash flow than IT services companies. This could lead to outperformance in the coming years, as investors increasingly favor companies with strong profitability and cash flow.

Sony's shares fell after earnings miss. Investors are concerned about gaming and sensors businesses. PlayStation 5 has supply chain constraints. Sensors business is facing challenges in commoditized market.

Virgin Galactic is set to launch the first private citizens to space on Wednesday. The two passengers will take off from Spaceport America in New Mexico on the VSS Unity spacecraft. The spacecraft will climb to an altitude of approximately 50 miles, where the passengers will experience weightlessness and have panoramic views of the Earth below. The flight is a major milestone for Virgin Galactic and the commercial space tourism industry.