Graco Hits Unexpected New High

Eddy Elfenbein submits: I added Graco (GGG) to the Buy List at the start of this year. So far, it hasn’t been that impressive a stock. The earnings have been blah, and the stock has mostly been stuck in a trading range.

Until today. The shares vaulted past $43 and nearly hit $45. I honestly have no idea what the catalyst was. The next earnings report won’t come for another two months.

Sometimes on Wall Street, you just don’t know what moves a stock.