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May 2009

Recs

3

Some notes from the positive side of things:

May 13, 2009 – Comments (1) | 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]

Recs

5

Manitowoc beats estimates .18 vs .13! Crane sales coming back?

May 01, 2009 – Comments (6) | 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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