Trump Exuberant Positions on Infrastructure and Manufacturing Position These Stocks

Equities Staff  |

Commerical Vehicle Group, Inc (NASDAQ: CVGI), global supplier of complete cab systems in the heavy-duty truck, construction and agricultural equipment markets including the specialty and military transportation markets saw an estimated 20% increase last week. Not that it matters to CVGI, the company didn’t put out news, however. The increase could be attributed to their overall industry, President Trump’s infrastructure and US manufacturing increase, and other industry players raising CVGI’s boat. Over the last week, CVGI shares were at a low of about $5.25 and a high of $6.30

Looking at the overall market, Titan International, Inc (NYSE: TWI) offers a full line of wheels, tires and undercarriage products for a wide variety of off-the-road equipment, saw a high $13.25 on the heels of announcing they converted 97.1% of its 5.625% convertible notes. The $58,460,000 principal amount of converted Notes was converted into 5,462,264 shares of Titan common stock, representing approximately 10% of Titan's outstanding common stock prior to conversion. On the conversion, TWI CEO, Paul Reitz said, "We believe this is a win-win for Titan and our new shareholders…we're pleased these convertible debt holders have chosen to become shareholders of Titan. We believe that the debt reduction and minimal cash outlay will further strengthen our capital position moving forward."

L.B. Foster Company (NASDAQ: FSTR) manufactures, fabricates and distributes products and services for the rail, construction, energy and utility markets. Last week, FSTR saw a high of about $15.86, a jump from 14.80 even though the company hasn’t put out news since last November.

Rev Group (NYSE: REVG), a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services successfully IPOed last week. They opened at $22.00, and ended their first day with a high of over $26.

Spartan Motors (NASDAQ: SPAR), a global leader in specialty chassis and vehicle design, manufacturing and assembly, saw a high of almost $10, a jump from $8.80 on the heels of demonstrating its Advanced Protection System® (APS) driver safety technology complete with a simulated crash scenario in which an APS-enabled RV successfully avoids a collision without driver interference. SPAR CEO Daryl Adams said, "It's an impressive combination of cutting-edge technologies, yet it's not until you actually see it in action that you can begin to appreciate the new level of collision mitigation and resulting safety we've introduced. We're proud to say Spartan Motors is the first chassis supplier to bring this game-changing technology to the market."

While some companies mentioned here saw increases possibly because of news or maybe continuing momentum from a successful IPO, others are seeing success because a rising tide rises all boats. To see this increase ought not to surprise causal investors given President’s Trump exuberant positions on infrastructure and increased U.S. manufacturing. As Trump’s policies begin to evolve and take route this is market is definitely one to watch.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.


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Companies

Symbol Name Price Change % Volume
FSTR L.B. Foster Company 15.76 -0.28 -1.75 59,683 Trade
TWI Titan International Inc. (DE) 2.22 -0.06 -2.63 663,898 Trade
CVGI Commercial Vehicle Group Inc. 4.36 0.19 4.56 451,129 Trade
SPAR Spartan Motors Inc. 14.75 -0.32 -2.12 368,144 Trade
REVG REV Group Inc. 7.83 -0.24 -2.97 244,631 Trade

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