As the U.S. economy emerges from a long slumber, pent-up demand for construction projects will spur strong profit growth for equipment maker Manitowoc (MTW). Analysts are looking for 20% profit growth this year and even more than that in 2015.
At current prices, shares trade for 17 times 2014 estimated earnings. At these discounted prices investors are getting a steal. A 13% move in the major indexes should equate to a 20% move here or more.