This week, five Machinery stocks are improving their overall rating on Portfolio Grader. Each of these rates an “A” (“strong buy”) or “B” overall (“buy”).
Wabtec (NYSE:WAB) is making headway this week, with the company’s rating improving to an A (“strong buy”) from a B (“buy”) last week. Westinghouse Air Brake Technologies is a provider of value-added, technology-based products and services for the global rail industry. In Portfolio Grader’s specific subcategory of Equity, WAB also gets an A. The stock price has risen 7.9% over the past month, better than the 1.7% decrease the S&P 500 has seen over the same period of time. For more information, get Portfolio Grader’s complete analysis of WAB stock.
Watts Water Technologies (NYSE:WTS) ups its rating to a B (“buy”) this week after earning a C (“hold”) in the week before. Watts Water Technologies designs, manufactures and sells a line of water safety and flow control products for the water quality, water conservation, water safety and water flow control markets. Wall Street has pushed the stock higher by 14.1% over the past month. For more information, get Portfolio Grader’s complete analysis of WTS stock.
Energy Recovery (NASDAQ:ERII) boosts its rating from a B to an A this week. Energy Recovery develops and manufactures energy recovery devices utilized in the water desalination industry. Wall Street seems to agree with the upgrade and has propelled the stock up 7.6% over the past month. For more information, get Portfolio Grader’s complete analysis of ERII stock.
Tecumseh Products (NASDAQ:TECUA) gets a higher grade this week, advancing from a B last week to an A. Tecumseh Products is a full-line, independent, global manufacturer of hermetically sealed compressors for residential and commercial refrigerators, freezers, water coolers, dehumidifiers, window air conditioning units and residential and commercial central system air conditioners and heat pumps. Investors seem to agree with the upgraded status of the stock, and have pushed the stock up 8.9% over the past month. For more information, get Portfolio Grader’s complete analysis of TECUA stock.
Alamo Group (NYSE:ALG) shows solid improvement this week. The company’s rating rises from a C to a B. Alamo Group is a designer, manufacturer, distributor, and service provider for high-quality equipment for right-of-way maintenance and agriculture. Investors have pushed the stock price up 12.2% over the past month. For more information, get Portfolio Grader’s complete analysis of ALG stock.
Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.