May 13, 2009 –
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RELATED TICKERS: MTW
, RF
If you have been following the CAPS blogs in the past three weeks, you will definitely have noticed the sentiment that a pullback *must happen*. I, myself, don't believe that this needs to happen due to the fundamentals of the economic situation and company earnings. Both of which I believe have been looking towards being improved in the future. Banks no longer are an unknown - we have a direction to what the banks and the government will be doing. That's a huge plus in this market. Second, manufacturing has been improving, oil prices, commodity prices are going up, and there is a trend to decreasing monthly job losses. We haven't hit the bottom for people feeling pain and being out of work - but things will start to flatline and then improve in these next months. I was reading recently that only 6% of the stimulus has been spent, leaving a huge proportion to be kicking in over the next year. That, combined with further feelings of stability and clarity will lead to the big bull rise. [more]
May 01, 2009 –
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RELATED TICKERS: MTW
, ITW
Manitowoc Company (MTW) is a crane building, ship building (previously), and food service company. It's one ot the S&P 500 companies, and is located in Wisconsin. With the rise of the housing boom, this company did fantastically well from 2004-2008. However, with the bust of the housing and overall economy, we have seen this company fall and fall in value. [more]
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