Manitowoc Shares Jumped: What You Need to Know

Updated

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Farm and construction equipment manufacturers rallied again today, only this time Deere doesn't deserve the credit. China does. The Sino superpower eased local banks' capital reserve requirements, leading some to speculate that infrastructure-related lending could rise as a result.

So what: Several industrial equipment suppliers gained. Terex (NYS: TEX) jumped more than 10% for the second straight day. Astec Industries (NAS: ASTE) also recorded a double-digit gain. But Manitowoc (NYS: MTW) topped them all by closing up 15.9%.

Now what: There's reason to believe in the rally. Despite concerns, China is still one of the world's largest and fastest-growing economies, and Manitowoc generated nearly 10% of its revenue from Asian customers last year -- double the ratio of five years ago. What do you think of the growth opportunity? Would you buy shares of Manitowoc at current prices? Please weigh in using the comments box below.

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At the time thisarticle was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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