At Benzinga, we like to point readers toward unique investing ideas. Today, we're highlighting an American city that is the home to a number of strong companies: Milwaukee, Wisconsin.
Known for its brewing and manufacturing roots, Milwaukee is a city rich in culture, history, and business. While unemployment is still an issue, the city is steadily producing jobs and contributes significantly to the American economy.
Below are a few companies that call Milwaukee home. They are all poised to move higher in the near-term, and could be a profitable component of a balanced portfolio.
Kohl's Corporation KSS operates family-oriented department stores that sell apparel, footwear and housewares. As of January 30, 2010, the company operated 1,058 stores in 49 states, and holds a substantial cash reserve. The company is positioned to develop new stores, expand and improve existing stores, and develop further marketing efforts.
The stock has rallied since hitting a $45 low in August, to above $52 today. The 52-week high is $60 a share, and the stock is primed to make a run, if the $54 resistance level can be beat. Keep a close eye on this retailer.
Harley-Davidson, Inc. HOG produces motorcycles and operates a financing arm. The company's legendary bikes are known for their distinctive sound, and Harley is among the iconic American brands. The stock is currently trading at resistance levels of $28. If shares can break the barrier, bulls could carry Harley to May-highs of $35 a share.
Finally, Manpower Inc. MAN operates within the employment services industry. The company's home is Milwaukee, but it maintains a global network of nearly 4,000 offices in 82 countries. Among the services that Manpower offers: permanent, temporary and contract recruitment, employee assessment and selection, training, outplacement, outsourcing, consulting and professional services.
Shares of Manpower are trading higher than June lows of $41, currently at $48.70. The stock could make a strong run if employment prospects brighten. Watch out for Manpower if shares break above $50.
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