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Industrial production rebounded in July, which is likely to help stocks like Applied Industrial Technologies, Inc. (AIT), Hubbell Incorporated (HUBB), Broadwind, Inc. (BWEN), Graham Corporation (GHM) and Alamo Group Inc. (ALG).
The prospects for Manufacturing - Farm Equipment industry looks dull at this moment due to weak commodity prices. Stocks like Deere (DE), AGCO and Alamo (ALG) are well-poised to gain from their growth initiatives.
Alamo Group Inc. (NYSE:ALG ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Edward Rizzuti - Investor Relations Jeff Leonard - President and Chief Executive Officer Richard Wehrle - Executive Vice President, Chief Financial Officer and Treasurer Dan Malone - Executive Vice President and Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Tim Moore - EF Hutton Felix Boeschen - Raymond James Operator Good morning ladies and gentlemen and welcome to the Alamo Group Inc. Second Quarter 2023 Conference Call.
Alamo Group (ALG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The economic climate remains uncertain, marked by weakness in manufacturing on the one hand and strong job numbers on the other hand. Despite challenges, Alamo's earnings continue to soar, as evident from the company's latest results. ALG's future looks bright and it looks poised to not only grow earnings but also expand margins in the future.
For those seeking to capitalize on the relentless upward trend of this market, momentum trading presents an excellent opportunity. By simply focusing on stocks that are on the rise, there is a high likelihood that they will continue their ascent.
Here is how Alamo Group (ALG) and Allegion (ALLE) have performed compared to their sector so far this year.
Alamo Group (ALG) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Here is how Alamo Group (ALG) and Allegion (ALLE) have performed compared to their sector so far this year.
The Manufacturing - Farm Equipment industry stocks Deere (DE), AGCO, Alamo (ALG) and Lindsay (LNN) are set to gain from improving farm income, commodity prices and investment in technology.