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Engineers on the skids

Engineers on the skids

With in-trays empty and customers' warehouses full after a summer lull, orders dried up and profit warnings book-ended the engineering sector's third-quarter reporting season. A speedy recovery looks highly unlikely and further casualties are a near certainty. But turning one's back on a sector with such global reach is not the answer, so investors need to know which stocks to stick with as well as those to avoid.

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