Graco (GGG)

Graco (GGG)

Postby winston » Fri Apr 12, 2019 9:59 pm

not vested

THIS COMPANY'S SUCCESS POINTS TO A STRONG ECONOMY

Today's chart paints a promising picture of the global economy...

Longtime readers know we use a variety of sectors as economic bellwethers. Industries like manufacturing, shipping, and construction are economic hubs...

They show that goods are changing hands, energy is flowing, infrastructure is developing – and overall, money is moving freely. That's the bullish picture we're getting from today's company...

Graco (GGG) is a $9 billion manufacturer of fluid-handling equipment used around the world. Don't confuse it with the Graco brand of baby gear – this Graco makes the paint-sprayers used on assembly lines and road-striping projects... the pumps that dispense chemicals and oil... and the valves and meters that keep these substances under control.

The company had a record year in 2018, hitting nearly $1.7 billion in sales. And that's a good sign for the economy...

As you can see, shares have nearly doubled over the past three years, recently hitting a new all-time high.

The world's companies are still eagerly investing in Graco's equipment... yet another indicator that the global economy is going strong...

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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Re: Graco (GGG)

Postby winston » Thu Sep 17, 2020 9:11 pm

not vested

THIS COMPANY'S SUCCESS IS A BULLISH ECONOMIC INDICATOR

Today, we're checking in on a real-world industrial "bellwether"...

As longtime readers know, we look at different companies and sectors to understand how the economy is behaving. The industrial sector is particularly telling – not only because of its direct impact on the economy, but because it means there's demand for industrial products. Today's company paints a bullish picture of the economic recovery...

Graco (GGG) is a $10 billion industrial supplier. It makes components like pumps, paint-sprayers, meters, and valves – items that are only useful as pieces of a larger tool.

So when Graco is making sales, that means other industrial companies are doing well enough to upgrade their gear.

And in the most recent quarter, Graco sold $367 million worth of equipment... down just 14% year over year even in the height of coronavirus-related disruptions.

Despite falling with the rest of the market in the spring, GGG shares are up more than 30% over the past year, and they just hit a new all-time high. Graco's new highs tell us the economy is doing well today...

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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