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