Dover (DOV)

Dover (DOV)

Postby winston » Fri Jan 24, 2020 8:51 pm

not vested

THIS INDUSTRIAL 'BELLWETHER' KEEPS OUR EVERYDAY LIVES RUNNING

Today's chart shows us the economy is still chugging along...

Longtime readers know we like to use "real world" tools to keep our finger on the pulse of the economy. And industrial companies are some of our favorites.

When these companies are selling parts to manufacturers, it means everyone is busy building, moving, and making stuff. And today's company is providing the parts that keep our day-to-day lives functioning...

Dover (DOV) is a $17 billion provider of industrial parts, with 24,000 employees around the world. Its five departments work in a broad range of industries... from making freezer doors and lighting for refrigeration (think grocery stores) to selling parts for gas pumps.

Many of Dover's products are critical to the safe handling of fluids in the chemical, hygienic, and energy markets. And business is booming today... Dover recently reported third-quarter adjusted earnings of $235 million – up 15% year over year.

As you can see, shares have soared over the past five years. They're up nearly 140% including dividends, recently hitting a new 52-week high. And as the economy keeps going strong, that trend should continue...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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