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Wednesday, October 4, 2017

"Top 5 Winners" Following Report Of Record-Setting ISM -- October 4, 2017

Worth re-posting, previously posted October 2, 2017:
ISM: September, 2017. Hitting new records. An incredible report. The ISM hit a six-year record in August, 2017, and now it looks like an 11-year record with the September, 2017, report. When I find a link for today's report I will post it. Yes, here it is: US factory activity surges last month to highest since 2004 -- thirteen years. The Trump rally continues. Let's see, we're almost into Trump's first year, especially if one considers the optimism he drove began in early November, 2016. One year. From the linked article:
U.S. manufacturing activity shrugged off a series of hurricanes and rose to the highest level in 13 years last month.
The Institute for Supply Management said its manufacturing index rose to 60.8 from 58.8 in August, the highest reading since May 2004. Anything above 50 signals that manufacturers are growing, and the ISM survey shows they've been on a 13-month winning streak.
New orders, production, hiring and new export orders all grew faster in September.
Seventeen of 18 manufacturing industries reported growth, led by textile mills and machinery. Only one industry — furniture manufacturing — contracted last month.
Now, we have the top 5 winners among manufacturers as recommended by Zacks but reported by Nasdaq.com:
  • Twin Disc, Incorporated TWIN designs, manufactures and sells marine and heavy duty off-highway power transmission equipment.
  • Lincoln Electric Holdings, Inc. LECO is a manufacturer of welding, cutting and brazing products.
  • H&E Equipment Services, Inc. HEES is an integrated equipment services company. The company is focused on heavy construction and industrial equipment. 
  • Stanley Black & Decker, Inc. SWK is a global provider of hand tools, power tools and related accessories, and products and services for various industrial applications.
  • UFP Technologies, Inc. UFPT is a designer and custom converter of foams, plastics, composites and natural fiber materials. 
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here.

Disclaimer: I don't invest directly in any of the companies mentioned above. Never have and probably never will.

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Meanwhile in Georgia: Too Big To Fail
All Of A Sudden, Rick Perry Likes Nuclear Energy
Total Federal Loan Guarantee Rises To $12 Billion

From The Wall Street Journal:
The Trump administration on Friday offered an additional $3.7 billion in loan guarantees to a troubled nuclear power plant project in Georgia that is billions over budget and years behind schedule, raising the total federal loan guarantees to $12 billion.
Energy Secretary Rick Perry said it was important for the U.S. government to support the Alvin W. Vogtle Electric Generating Plant, which would be the first new nuclear reactors built in the country in more than three decades.
“I believe the future of nuclear Energy in the United States is bright and look forward to expanding American leadership in innovative nuclear technologies,” Mr. Perry said in a statement, adding that nuclear power was important to the stability of the nation’s power grid.

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