Today, they reported a solid quarter: a modest top and bottom line beat, and strong and surprising organic growth. Shares have already rallied 32% from last fall's bottom, it popped another 2.8% today to make a new 52-week high. Wall Street remains bearish on non-residential construction, which benefits Otis.
Today, they said that the semis inventory glut is ending. Shares jumped over 12% The CEO also said that PC demand has bottomed. Business is returning.