MLI is a manufacturer of copper, brass, aluminum and plastic, tubes, fittings, rods, bars, PEX plastic tubes. The second quarter was the 12th-consecutive period in which operating income advanced on a year-over-year basis. Management noted that the sharp increase in sales was fueled by strong growth in value-added services, and higher selling prices across all of its businesses. Momentum is expected to continue and fair value for the shares is around $115. It has a solid balance sheet with 200m in cash and no debt to speak of which plays vary well in the current growing rates environment.

Technically Mueller also looks appealing with the price near its 200 MA, which can also be used as a stop loss for traders.