Top Stock to Buy #6 – Trinity Industries (TRN)
Trinity Industries (NYSE:TRN), a manufacturer of rail cars, metal containers, highway construction products, barges, and concrete and aggregates, is well-positioned to benefit from a cyclical recovery.
Revenues are expected to have risen 31% in 2012 and jump another 20% in 2013. Earnings are estimated to rise to $3.13 in 2012 versus $1.65 in 2011. And S&P looks for a 20% rise in earnings in 2013 to $3.76.
After a breakout at $33 the stock ran to $36.25. The MACD indicator has flashed a short-term sell signal, which, if executed, could give investors an opportunity to buy TRN at our buy point of $32.50. The trading target is $42, but longer-term investors could see the high $40s.