Recession in 2024, or no recession? It’s still being debated. United Parcel Service (UPS) just announced earnings…and layoffs of 12,000 employees. But General Motors (GM) beat earnings expectations, and sees profitability on the horizon for the majority of its vehicles in 2024. Either way, as the debate continues, it does appear the economy is heating up, partly in anticipation of rate cuts, which most still see beginning by mid-year.
And speaking of GM, and a return to profitability, let’s take a look at a broad vehicle supplier that appears to have also turned the corner in 2023, and is ready to take advantage of a better 2024. Twin Disc (TWIN) provides a range of markets with transmission technology, and as such has its finger on the pulse of the global economy.
