Why Manitowoc Stock Jumped 14.2% in January

They were buoyed by Donald Trump’s inauguration speech on Jan. 20, in which he emphasized his “America first” ideology and restated his plans to rebuild the nation’s infrastructure. Expectations of strong numbers from Caterpillar Inc. Manitowoc shares gained momentum during the third week of January, which coincided with Trump’s swearing-in ceremony and Caterpillar’s fourth-quarter and 2016 earnings release.