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Relatively High Beta Detected in Shares of Manitowoc Co in the Construction Machinery & Heavy Trucks Industry (MTW, RAIL, CAT, TEX, PCAR)

By David Diaz

Below are the three companies in the Construction Machinery & Heavy Trucks industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.

Manitowoc Co ranks highest with a a beta of 1.7. Following is Freightcar Ameri with a a beta of 1.6. Caterpillar Inc ranks third highest with a a beta of 1.3.

Terex Corp follows with a a beta of 1.3, and Paccar Inc rounds out the top five with a a beta of 1.3.

SmarTrend recommended that its subscribers protect gains by selling shares of Terex Corp on January 10th, 2020 by issuing a Downtrend alert when the shares were trading at $28.45. Since that call, shares of Terex Corp have fallen 7.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest beta manitowoc co freightcar ameri caterpillar inc terex corp paccar inc

Ticker(s): MTW RAIL CAT TEX PCAR