The Traderszone Network

Published in TZ Latest News 4 February, 2017 by The TZ Newswire Staff

Why Manitowoc Stock Jumped 14.2% in January

Image source: Getty Images.

Shares of crane manufacturer The Manitowoc Company (NYSE: MTW) kicked off 2017 on a strong note, gaining as much as 14.2% in January. They were buoyed by Donald Trump’s inauguration speech on Jan. 20, in which he emphasized his “America first” ideology and restated his plans to rebuild the nation’s infrastructure. Expectations of strong numbers from Caterpillar Inc. (NYSE: CAT) further fueled investors’ optimism.

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