There is good news filtering through the Street today. It was enough to pull the market into positive territory, but will it keep us there? YRC Worldwide (NYSE:YRCW) and Patrick Industries (NASDAQ:PATK) help illustrate where we are heading.

Could it be? Are the markets actually increasing this morning on solid economic data and not just speculation or political maneuvering? If it’s true, it is certainly a sign of good things to come for the nation’s bulls.

Just after the opening bell, the Institute for Supply Management released its latest measurement of America’s manufacturing sector. With a rating of 52.9 in August, well above the 50.5 analysts were expecting, the vital industry proves to be growing once again.

The growth is already trickling down to the nation’s real estate market. According to the National Association of Realtors, pending home sales managed to rise for the sixth straight month, to a two-year high. The group’s key index was up by 3.2%.

With solid economic data making its rounds, it is no surprise to see a company like YRC Worldwide (NYSE:YRCW) up by double-digit proportions.

If you are a TFN Strategic Trader subscriber, you are familiar with the company. (Congratulations on the gains, by the way.)

Keep on truckin’

But if you have not yet had the privilege of joining the “trading elite,” YRC Worldwide is one of the nation’s largest trucking operators. With a share price ranging from $0.89 to $19.61 over the past twelve months, the company’s investors have been on a wild ride.

But thanks to a press release issued yesterday afternoon, the ride going forward is likely to be much less bumpy.

The liquidity-sensitive company managed to amend a critical $950 million credit facility with JPMorgan Chase Bank. It is just one more critical step achieved in keeping the company out of bankruptcy court.

As the company makes more and more moves in the right direction, the already-slim chance of a filing continues to decrease.

At TFN Strategic Trader, we are using a covered call strategy to maximize our profit potential and lower our risk.

If you can handle the risk, there is a shot at triple-digit gains if all goes well for YRCW.

Little company, big risk, big reward

Finally, if you are a fan of high risk and even higher reward, another stock getting assistance from today’s positive econo-data is Patrick Industries (NASDAQ:PATK), a tiny $27 million building-industry supplier that has rebounded nicely with the housing industry.

Since March, shares have soared from well below $0.50 each to $3.10 today. That’s a 520% surge in less than six months.

So far today, shares are up by nearly 20%. That’s the power of good news.

As we move into the fall and eventually the winter, the markets will rely less and less on the pseudo-news created in Washington. Starting with the upcoming third-quarter results, the Street won’t be buying anything but cold, hard facts.

Find a company with top-line growth and you have found yourself a winner in this market.

Source: Good News Leads to Big Gains