Here is Paccar (the former PACific CAR and Foundry), a maker of trucks and aftermarket parts. For some reason, I thought it also made railroad cars but what do I know as a technical analyst?
It bonked after a pretty good earnings report but a forecast that rising commodities prices hurt 2011 margins. This chart action is not exactly an endorsement of the recovery.
Further, here are some recent headlines:
Dec 30 - Paccar Appears Poised for Serious Earnings Expansion
Feb 1 - PACCAR Announces Improved Fourth Quarter Revenues and Net Profit
Feb 2 - PACCAR is a manufacturing company that reported positive quarterly earnings. On average, analysts expect shares to rise between 12% to 17%.
Transports and transportation "makers" do not pass the smell test.